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

Great Western Bancorp Inc (NYSE:GWB) has earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. One investment 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 12-month price target among analysts that have issued ratings on the stock in the last year is $46.56.

GWB has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $51.00 target price on shares of Great Western Bancorp in a research report on Thursday, January 25th. ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Royal Bank of Canada restated a “buy” rating and set a $50.00 target price on shares of Great Western Bancorp in a research report on Thursday, January 25th. Finally, Stephens restated a “buy” rating and set a $49.00 target price on shares of Great Western Bancorp in a research report on Friday, January 26th.

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In other Great Western Bancorp news, insider Kenneth James Karels sold 1,510 shares of Great Western Bancorp stock in a transaction on Friday, January 26th. The shares were sold at an average price of $45.00, for a total value of $67,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen John Ulenberg sold 3,000 shares of Great Western Bancorp stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $41.81, for a total transaction of $125,430.00. Following the completion of the transaction, the executive vice president now directly owns 12,736 shares of the company’s stock, valued at approximately $532,492.16. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. increased its holdings in Great Western Bancorp by 5.8% in the third quarter. American International Group Inc. now owns 46,840 shares of the bank’s stock valued at $1,934,000 after buying an additional 2,553 shares in the last quarter. Prudential Financial Inc. increased its holdings in Great Western Bancorp by 4.6% in the third quarter. Prudential Financial Inc. now owns 392,351 shares of the bank’s stock valued at $16,196,000 after buying an additional 17,210 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Great Western Bancorp by 5.7% in the third quarter. Wells Fargo & Company MN now owns 298,790 shares of the bank’s stock valued at $12,334,000 after buying an additional 16,023 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Great Western Bancorp by 14.5% in the fourth quarter. Fisher Asset Management LLC now owns 137,932 shares of the bank’s stock valued at $5,490,000 after buying an additional 17,498 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Great Western Bancorp by 8.1% in the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock valued at $147,562,000 after buying an additional 269,230 shares in the last quarter.

Shares of Great Western Bancorp (NYSE GWB) opened at $44.09 on Friday. Great Western Bancorp has a one year low of $33.27 and a one year high of $45.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The company has a market cap of $2,556.09, a price-to-earnings ratio of 17.02, a PEG ratio of 1.43 and a beta of 1.59.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. The company had revenue of $117.30 million during the quarter, compared to the consensus estimate of $118.85 million. Great Western Bancorp had a net margin of 27.04% and a return on equity of 8.66%. During the same period in the previous year, the firm posted $0.63 earnings per share. research analysts predict that Great Western Bancorp will post 2.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Friday, February 9th were issued a $0.20 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. Great Western Bancorp’s payout ratio is 34.48%.

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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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