Great Western Bancorp (NYSE:GWB) Reaches New 12-Month Low at $29.35

Great Western Bancorp Inc (NYSE:GWB)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $29.35 and last traded at $29.52, with a volume of 8576 shares. The stock had previously closed at $30.53.

GWB has been the topic of a number of recent research reports. Piper Jaffray Companies set a $36.00 price target on shares of Great Western Bancorp and gave the stock a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research lowered shares of Great Western Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 30th. Royal Bank of Canada set a $38.00 target price on shares of Great Western Bancorp and gave the company a “buy” rating in a report on Friday, July 26th. Finally, DA Davidson reissued a “buy” rating on shares of Great Western Bancorp in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Great Western Bancorp has an average rating of “Hold” and a consensus price target of $38.00.

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.73 billion, a PE ratio of 10.20, a P/E/G ratio of 1.52 and a beta of 1.65. The stock’s fifty day moving average price is $33.52.

Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 25th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.32). Great Western Bancorp had a net margin of 26.81% and a return on equity of 8.63%. The firm had revenue of $116.40 million during the quarter, compared to the consensus estimate of $120.91 million. During the same period in the prior year, the business earned $0.78 earnings per share. On average, analysts predict that Great Western Bancorp Inc will post 2.89 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, August 8th. Great Western Bancorp’s dividend payout ratio is currently 41.38%.

A number of hedge funds have recently added to or reduced their stakes in the business. Mason Street Advisors LLC increased its holdings in Great Western Bancorp by 2.1% in the 1st quarter. Mason Street Advisors LLC now owns 18,286 shares of the bank’s stock valued at $578,000 after buying an additional 378 shares during the period. FTB Advisors Inc. grew 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 valued at $41,000 after purchasing an additional 388 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Great Western Bancorp by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,733 shares of the bank’s stock valued at $812,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Great Western Bancorp by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 88,325 shares of the bank’s stock valued at $3,155,000 after purchasing an additional 490 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Great Western Bancorp by 0.9% during the 2nd quarter. Jennison Associates LLC now owns 52,189 shares of the bank’s stock valued at $1,864,000 after purchasing an additional 490 shares during the last quarter. 99.04% of the stock is currently owned by hedge funds and other institutional investors.

Great Western Bancorp Company Profile (NYSE:GWB)

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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