Great Western Bancorp Inc (GWB) Given Average Recommendation of “Hold” by Brokerages

Shares of Great Western Bancorp Inc (NYSE:GWB) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $46.56.

Several brokerages have recently issued reports on GWB. Zacks Investment Research raised Great Western Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, January 3rd. B. Riley lowered Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price target on shares of Great Western Bancorp in a research note on Thursday, January 25th. FBR & Co lowered Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price target on shares of Great Western Bancorp in a research note on Thursday, December 21st.

Shares of Great Western Bancorp (NYSE:GWB) traded down $0.23 on Friday, hitting $42.15. The stock had a trading volume of 154,449 shares, compared to its average volume of 251,222. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.41. Great Western Bancorp has a twelve month low of $33.27 and a twelve month high of $45.62. The firm has a market capitalization of $2,525.47, a price-to-earnings ratio of 18.35, a PEG ratio of 1.45 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.09. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. The business had revenue of $117.30 million for the quarter, compared to analyst estimates of $118.85 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. equities analysts predict that Great Western Bancorp will post 2.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Friday, February 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, February 8th. Great Western Bancorp’s payout ratio is 34.48%.

In other Great Western Bancorp news, insider Kenneth James Karels sold 1,510 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $45.00, for a total value of $67,950.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter Robert Chapman sold 2,265 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $40.57, for a total value of $91,891.05. Following the completion of the transaction, the chief financial officer now directly owns 16,964 shares in the company, valued at approximately $688,229.48. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. American International Group Inc. raised its position in shares of Great Western Bancorp by 5.8% during the third quarter. American International Group Inc. now owns 46,840 shares of the bank’s stock worth $1,934,000 after purchasing an additional 2,553 shares during the period. Prudential Financial Inc. raised its position in shares of Great Western Bancorp by 4.6% during the third quarter. Prudential Financial Inc. now owns 392,351 shares of the bank’s stock worth $16,196,000 after purchasing an additional 17,210 shares during the period. Wells Fargo & Company MN raised its position in shares of Great Western Bancorp by 5.7% during the third quarter. Wells Fargo & Company MN now owns 298,790 shares of the bank’s stock worth $12,334,000 after purchasing an additional 16,023 shares during the period. Ameriprise Financial Inc. raised its position in shares of Great Western Bancorp by 4.0% during the second quarter. Ameriprise Financial Inc. now owns 619,306 shares of the bank’s stock worth $25,273,000 after purchasing an additional 23,795 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Great Western Bancorp by 8.1% during the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock worth $147,562,000 after purchasing an additional 269,230 shares during the period.

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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.

Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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