Great Western Bancorp (GWB) Cut to Sell at ValuEngine

Great Western Bancorp (NYSE:GWB) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday, July 14th.

GWB has been the topic of a number of other research reports. B. Riley upped their target price on Great Western Bancorp from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, June 19th. Zacks Investment Research upgraded Great Western Bancorp from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, June 27th. Finally, Sandler O’Neill set a $46.00 target price on Great Western Bancorp and gave the company a “buy” rating in a research report on Tuesday, March 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.33.

Shares of GWB stock traded down $0.80 during trading hours on Friday, reaching $42.30. 256,020 shares of the company’s stock were exchanged, compared to its average volume of 232,985. Great Western Bancorp has a 1 year low of $33.27 and a 1 year high of $46.03. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.26 and a beta of 1.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 0.99.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.04. Great Western Bancorp had a return on equity of 9.36% and a net margin of 28.45%. The business had revenue of $123.61 million for the quarter, compared to analyst estimates of $121.23 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. equities analysts forecast that Great Western Bancorp will post 2.95 earnings per share for the current year.

In other Great Western Bancorp news, insider Kenneth James Karels sold 3,978 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $45.00, for a total value of $179,010.00. Following the sale, the insider now owns 38,885 shares in the company, valued at approximately $1,749,825. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in GWB. Dimensional Fund Advisors LP raised its stake in shares of Great Western Bancorp by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,295,481 shares of the bank’s stock worth $92,439,000 after buying an additional 359,911 shares during the period. Maltese Capital Management LLC acquired a new position in shares of Great Western Bancorp during the 1st quarter worth approximately $6,647,000. The Manufacturers Life Insurance Company raised its stake in shares of Great Western Bancorp by 14.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,155,521 shares of the bank’s stock worth $46,533,000 after buying an additional 146,338 shares during the period. Deutsche Bank AG raised its stake in shares of Great Western Bancorp by 35.1% during the 4th quarter. Deutsche Bank AG now owns 391,301 shares of the bank’s stock worth $15,571,000 after buying an additional 101,577 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Great Western Bancorp by 0.6% during the 1st quarter. BlackRock Inc. now owns 7,630,454 shares of the bank’s stock worth $307,278,000 after buying an additional 48,047 shares during the period.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.

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Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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