Great Western Bancorp (NYSE:GWB) Cut to “C+” at TheStreet

Great Western Bancorp (NYSE:GWB) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a report issued on Monday, TheStreetRatingsTable reports.

A number of other research firms also recently weighed in on GWB. ValuEngine upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Great Western Bancorp presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Shares of GWB opened at $33.52 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Great Western Bancorp has a 12 month low of $28.06 and a 12 month high of $38.78. The firm’s 50 day moving average is $34.80 and its 200-day moving average is $33.18. The stock has a market capitalization of $1.93 billion, a PE ratio of 11.40, a P/E/G ratio of 3.05 and a beta of 1.64.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $121.73 million during the quarter, compared to analysts’ expectations of $123.57 million. Great Western Bancorp had a return on equity of 9.01% and a net margin of 27.73%. During the same period in the previous year, the company posted $0.72 earnings per share. Equities research analysts predict that Great Western Bancorp will post 3.02 earnings per share for the current fiscal year.

In other Great Western Bancorp news, CEO Kenneth James Karels sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,662 shares in the company, valued at $959,832. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in Great Western Bancorp by 47.1% in the first quarter. First Trust Advisors LP now owns 39,493 shares of the bank’s stock worth $1,248,000 after acquiring an additional 12,644 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Great Western Bancorp by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,733 shares of the bank’s stock valued at $812,000 after acquiring an additional 400 shares in the last quarter. Texas Yale Capital Corp. bought a new position in Great Western Bancorp in the 2nd quarter worth $212,000. Arizona State Retirement System raised its holdings in Great Western Bancorp by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 88,325 shares of the bank’s stock worth $3,155,000 after purchasing an additional 490 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Great Western Bancorp in the 2nd quarter worth about $375,000. 96.31% of the stock is currently owned by institutional investors.

Great Western Bancorp Company Profile

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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