Great Western Bancorp (NYSE:GWB) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Great Western Bancorp (NYSE:GWB) from a sell rating to a hold rating in a report published on Tuesday, ValuEngine reports.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Great Western Bancorp from a hold rating to a sell rating in a research report on Wednesday, November 27th. TheStreet upgraded Great Western Bancorp from a c+ rating to a b rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $37.00.

NYSE GWB traded up $0.43 on Tuesday, hitting $34.68. 288,963 shares of the company’s stock traded hands, compared to its average volume of 325,917. 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 1-year low of $28.06 and a 1-year high of $38.78. The firm’s 50-day moving average price is $34.86 and its two-hundred day moving average price is $33.18. The firm has a market capitalization of $1.95 billion, a PE ratio of 11.80, a P/E/G ratio of 3.05 and a beta of 1.64.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $121.73 million for the quarter, compared to the consensus estimate of $123.57 million. Great Western Bancorp had a net margin of 27.73% and a return on equity of 9.01%. During the same period in the prior year, the firm earned $0.72 EPS. On average, research analysts anticipate that Great Western Bancorp will post 3.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, November 14th. Great Western Bancorp’s payout ratio is presently 40.82%.

In other Great Western Bancorp news, CEO Kenneth James Karels sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now owns 26,662 shares in the company, valued at approximately $959,832. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GWB. FTB Advisors Inc. boosted its stake 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 worth $41,000 after acquiring an additional 388 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Great Western Bancorp during the second quarter worth approximately $68,000. Meeder Asset Management Inc. purchased a new position in Great Western Bancorp during the second quarter worth approximately $153,000. Texas Yale Capital Corp. acquired a new stake in Great Western Bancorp in the second quarter valued at approximately $212,000. Finally, Pitcairn Co. acquired a new stake in Great Western Bancorp in the second quarter valued at approximately $271,000. 96.31% of the stock is 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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