ValuEngine Downgrades Great Western Bancorp, Inc. (GWB) to Hold

ValuEngine cut shares of Great Western Bancorp, Inc. (NYSE:GWB) from a buy rating to a hold rating in a report published on Thursday morning.

A number of other analysts have also commented on the stock. Piper Jaffray Companies reaffirmed a hold rating and set a $40.00 price objective on shares of Great Western Bancorp in a research note on Friday, October 27th. FBR & Co lowered shares of Great Western Bancorp from a buy rating to a neutral rating and set a $44.00 price target for the company. in a research report on Tuesday, October 31st. B. Riley downgraded Great Western Bancorp from a buy rating to a neutral rating and set a $44.00 price objective on the stock. in a report on Wednesday, November 1st. Zacks Investment Research upgraded Great Western Bancorp from a sell rating to a hold rating in a report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $46.00 price target on shares of Great Western Bancorp in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $45.22.

Great Western Bancorp (NYSE GWB) traded down $0.09 during trading on Thursday, hitting $38.28. 182,200 shares of the stock traded hands, compared to its average volume of 302,286. The company has a market capitalization of $2,252.17, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.92 and a beta of 1.72. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Great Western Bancorp has a fifty-two week low of $33.27 and a fifty-two week high of $45.62.

Great Western Bancorp (NYSE:GWB) last announced its earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $117.75 million. During the same quarter in the prior year, the firm posted $0.57 EPS. research analysts expect that Great Western Bancorp will post 2.6 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, November 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.09%. Great Western Bancorp’s payout ratio is 32.52%.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $42.07, for a total value of $210,350.00. Following the sale, the chief financial officer now owns 22,969 shares in the company, valued at approximately $966,305.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bryan Leighton Kindopp sold 1,304 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the sale, the insider now owns 4,217 shares in the company, valued at approximately $169,565.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,280 shares of company stock valued at $2,829,831. Corporate insiders own 0.19% of the company’s stock.

Several institutional investors have recently made changes to their positions in GWB. Bank of New York Mellon Corp increased its holdings in shares of Great Western Bancorp by 28.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock worth $105,490,000 after acquiring an additional 565,508 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Great Western Bancorp by 13.4% during the 2nd quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock worth $134,895,000 after buying an additional 389,922 shares during the last quarter. Tributary Capital Management LLC bought a new stake in shares of Great Western Bancorp during the 2nd quarter worth $13,169,000. Dimensional Fund Advisors LP lifted its position in shares of Great Western Bancorp by 32.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,082 shares of the bank’s stock worth $53,710,000 after buying an additional 320,067 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Great Western Bancorp by 10.6% during the 2nd quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock worth $110,148,000 after buying an additional 259,443 shares during the last quarter.

About Great Western Bancorp

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

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Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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