Great Western Bancorp (NYSE:GWB) had its price target decreased by Piper Sandler from $15.00 to $14.00 in a report published on Thursday, BenzingaRatingsTable reports. Piper Sandler currently has a neutral rating on the bank’s stock.
Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Great Western Bancorp from a sell rating to a hold rating in a research note on Wednesday, July 15th. TheStreet lowered shares of Great Western Bancorp from a c rating to a d rating in a research note on Thursday, April 30th. Zacks Investment Research upgraded shares of Great Western Bancorp from a sell rating to a hold rating in a research note on Monday, June 8th. Keefe, Bruyette & Woods lowered shares of Great Western Bancorp from an outperform rating to a market perform rating and set a $26.00 price target on the stock. in a research note on Wednesday, April 1st. Finally, JPMorgan Chase & Co. lowered shares of Great Western Bancorp from a neutral rating to an underweight rating and set a $15.00 price target on the stock. in a research note on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $24.00.
GWB stock traded up $0.29 during midday trading on Thursday, hitting $13.00. The company’s stock had a trading volume of 808,840 shares, compared to its average volume of 554,224. The firm has a market capitalization of $715.18 million, a P/E ratio of -1.13, a PEG ratio of 5.45 and a beta of 1.17. The firm has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $20.24. Great Western Bancorp has a 52-week low of $10.86 and a 52-week high of $36.65. The company has a quick ratio of 0.96, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Wednesday, July 29th. The bank reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). The firm had revenue of $108.19 million for the quarter, compared to analysts’ expectations of $117.15 million. Great Western Bancorp had a positive return on equity of 8.39% and a negative net margin of 120.07%. Great Western Bancorp’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. On average, sell-side analysts expect that Great Western Bancorp will post 1.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. Great Western Bancorp’s payout ratio is currently 20.41%.
In other news, EVP Douglas Richard Bass acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $12.76 per share, with a total value of $191,400.00. Following the acquisition, the executive vice president now directly owns 41,548 shares in the company, valued at $530,152.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Brannen acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $12.55 per share, for a total transaction of $62,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $62,750. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 24,500 shares of company stock worth $311,430. Corporate insiders own 0.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Great Western Bancorp by 3.3% during the first quarter. BlackRock Inc. now owns 8,194,690 shares of the bank’s stock worth $167,827,000 after acquiring an additional 261,787 shares during the period. Macquarie Group Ltd. lifted its position in Great Western Bancorp by 3.6% during the 4th quarter. Macquarie Group Ltd. now owns 4,963,930 shares of the bank’s stock worth $172,447,000 after buying an additional 171,234 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Great Western Bancorp by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 2,392,537 shares of the bank’s stock valued at $48,999,000 after acquiring an additional 49,286 shares during the last quarter. State Street Corp increased its stake in shares of Great Western Bancorp by 9.9% in the 1st quarter. State Street Corp now owns 2,320,860 shares of the bank’s stock valued at $47,531,000 after acquiring an additional 209,886 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Great Western Bancorp in the 4th quarter valued at about $42,833,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.
About Great Western Bancorp
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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