Great Western Bancorp, Inc. (NYSE:GWB) – Research analysts at DA Davidson reduced their FY2017 earnings estimates for Great Western Bancorp in a report issued on Friday. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $2.45 per share for the year, down from their previous forecast of $2.50. DA Davidson has a “Buy” rating and a $50.00 price objective on the stock. DA Davidson also issued estimates for Great Western Bancorp’s Q4 2017 earnings at $0.63 EPS, Q1 2018 earnings at $0.64 EPS, Q2 2018 earnings at $0.66 EPS, Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.65 EPS and FY2019 earnings at $2.90 EPS.
A number of other equities research analysts also recently weighed in on the company. J P Morgan Chase & Co downgraded Great Western Bancorp from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $47.00 in a report on Friday, April 28th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, April 5th. FBR & Co started coverage on Great Western Bancorp in a report on Tuesday, April 11th. They set an “outperform” rating and a $48.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price objective on shares of Great Western Bancorp in a report on Tuesday, May 30th. Finally, BidaskClub downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.67.
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Great Western Bancorp (GWB) traded up 0.41% during mid-day trading on Monday, reaching $39.17. The company had a trading volume of 22,773 shares. Great Western Bancorp has a 52-week low of $31.51 and a 52-week high of $45.62. The company’s 50 day moving average is $40.03 and its 200 day moving average is $41.36. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.40 and a beta of 1.73.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.03. The company had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, August 9th. Great Western Bancorp’s payout ratio is currently 33.47%.
In other news, insider Bryan Leighton Kindopp sold 766 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $40.95, for a total value of $31,367.70. Following the transaction, the insider now directly owns 300 shares of the company’s stock, valued at approximately $12,285. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Great Western Bancorp by 61.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,182 shares of the bank’s stock valued at $29,780,000 after buying an additional 259,969 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Great Western Bancorp during the fourth quarter valued at approximately $244,000. Guggenheim Capital LLC increased its position in shares of Great Western Bancorp by 60.3% in the fourth quarter. Guggenheim Capital LLC now owns 14,295 shares of the bank’s stock valued at $623,000 after buying an additional 5,380 shares during the last quarter. Norges Bank acquired a new position in shares of Great Western Bancorp during the fourth quarter valued at approximately $25,923,000. Finally, Mountain Pacific Investment Advisers Inc. ID increased its position in shares of Great Western Bancorp by 0.4% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 301,563 shares of the bank’s stock valued at $12,789,000 after buying an additional 1,093 shares during the last quarter.
About Great Western Bancorp
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.
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