Great Western Bancorp, Inc. (NYSE:GWB)‘s stock had its “buy” rating reaffirmed by equities research analysts at RBC Capital Markets in a research note issued to investors on Thursday. They currently have a $48.00 price objective on the stock. RBC Capital Markets’ price target suggests a potential upside of 9.19% from the company’s current price.
Several other brokerages have also weighed in on GWB. Zacks Investment Research upgraded Great Western Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, January 13th. Deutsche Bank AG upped their price objective on Great Western Bancorp from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Piper Jaffray Companies began coverage on Great Western Bancorp in a report on Thursday, October 6th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, Beaufort Securities restated a “buy” rating on shares of Great Western Bancorp in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Great Western Bancorp presently has a consensus rating of “Buy” and an average price target of $40.83.
Shares of Great Western Bancorp (NYSE:GWB) opened at 43.96 on Thursday. The stock has a market cap of $2.58 billion, a PE ratio of 19.78 and a beta of 1.89. The firm has a 50-day moving average price of $42.97 and a 200 day moving average price of $36.36. Great Western Bancorp has a 12-month low of $22.68 and a 12-month high of $44.99.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Great Western Bancorp had a return on equity of 8.56% and a net margin of 27.75%. During the same period last year, the business earned $0.55 earnings per share. Equities research analysts predict that Great Western Bancorp will post $2.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Friday, February 10th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Wednesday, February 8th. Great Western Bancorp’s dividend payout ratio is 30.77%.
In related news, CFO Peter Robert Chapman sold 1,004 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $40.26, for a total transaction of $40,421.04. Following the transaction, the chief financial officer now directly owns 8,954 shares of the company’s stock, valued at $360,488.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan Leighton Kindopp sold 1,554 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $38.00, for a total value of $59,052.00. Following the transaction, the insider now directly owns 300 shares in the company, valued at $11,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,074 shares of company stock valued at $322,540. 0.23% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new position in Great Western Bancorp during the second quarter valued at $7,116,000. Teacher Retirement System of Texas raised its position in Great Western Bancorp by 27.6% in the second quarter. Teacher Retirement System of Texas now owns 8,245 shares of the company’s stock valued at $260,000 after buying an additional 1,785 shares during the last quarter. Victory Capital Management Inc. raised its position in Great Western Bancorp by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,196 shares of the company’s stock valued at $101,000 after buying an additional 1,395 shares during the last quarter. Nationwide Fund Advisors raised its position in Great Western Bancorp by 5.9% in the second quarter. Nationwide Fund Advisors now owns 134,125 shares of the company’s stock valued at $4,230,000 after buying an additional 7,495 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management raised its position in Great Western Bancorp by 457.6% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 715,275 shares of the company’s stock valued at $22,559,000 after buying an additional 586,989 shares during the last quarter.
Great Western Bancorp Company Profile
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.