Great Western Bancorp (NYSE:GWB) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Great Western Bancorp (NYSE:GWB) from a sell rating to a hold rating in a report published on Tuesday, ValuEngine reports.

A number of other equities research analysts have also issued reports on GWB. Zacks Investment Research lowered Great Western Bancorp from a hold rating to a sell rating in a research report on Wednesday, November 27th. TheStreet raised Great Western Bancorp from a c+ rating to a b rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $37.00.

Shares of NYSE GWB opened at $33.52 on Tuesday. Great Western Bancorp has a 12-month low of $28.06 and a 12-month high of $38.78. The stock has a market cap of $1.93 billion, a PE ratio of 11.40, a P/E/G ratio of 3.05 and a beta of 1.64. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $34.80 and a 200 day moving average of $33.18.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. Great Western Bancorp had a net margin of 27.73% and a return on equity of 9.01%. The company had revenue of $121.73 million during the quarter, compared to the consensus estimate of $123.57 million. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, sell-side analysts forecast that Great Western Bancorp will post 3.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.58%. Great Western Bancorp’s dividend payout ratio is presently 40.82%.

In other news, CEO Kenneth James Karels sold 35,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now owns 26,662 shares of the company’s stock, valued at approximately $959,832. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FTB Advisors Inc. increased its holdings in shares of Great Western Bancorp by 50.3% during the 2nd quarter. FTB Advisors Inc. now owns 1,160 shares of the bank’s stock worth $41,000 after buying an additional 388 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in shares of Great Western Bancorp during the 2nd quarter valued at approximately $68,000. Meeder Asset Management Inc. purchased a new stake in shares of Great Western Bancorp during the 2nd quarter valued at approximately $153,000. Texas Yale Capital Corp. acquired a new position in Great Western Bancorp in the second quarter valued at approximately $212,000. Finally, Pitcairn Co. acquired a new position in Great Western Bancorp in the second quarter valued at approximately $271,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

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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