Donald J. Straka Buys 1,000 Shares of Great Western Bancorp Inc (NYSE:GWB) Stock

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Great Western Bancorp Inc (NYSE:GWB) General Counsel Donald J. Straka bought 1,000 shares of Great Western Bancorp stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $12.62 per share, with a total value of $12,620.00. Following the purchase, the general counsel now directly owns 5,033 shares in the company, valued at $63,516.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NYSE:GWB opened at $13.00 on Friday. Great Western Bancorp Inc has a 52 week low of $10.86 and a 52 week high of $36.65. The company has a quick ratio of 0.96, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $715.18 million, a PE ratio of 5.65, a price-to-earnings-growth ratio of 5.45 and a beta of 1.17. The stock’s 50-day moving average price is $13.65 and its 200-day moving average price is $20.24.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Wednesday, July 29th. The bank reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). Great Western Bancorp had a negative net margin of 120.07% and a positive return on equity of 8.39%. The business had revenue of $108.19 million for the quarter, compared to analyst estimates of $117.15 million. During the same quarter last year, the business earned $0.47 earnings per share. Great Western Bancorp’s revenue was down 27.4% on a year-over-year basis. Sell-side analysts expect that Great Western Bancorp Inc will post 1.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date is Wednesday, August 12th. Great Western Bancorp’s payout ratio is 20.41%.

A number of brokerages recently issued reports on GWB. JPMorgan Chase & Co. lowered Great Western Bancorp from a “neutral” rating to an “underweight” rating and set a $15.00 target price for the company. in a research note on Monday, May 4th. Royal Bank of Canada reduced their price objective on Great Western Bancorp from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday. Piper Sandler reduced their price objective on Great Western Bancorp from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday. TheStreet lowered Great Western Bancorp from a “c” rating to a “d” rating in a research note on Thursday, April 30th. Finally, ValuEngine upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.00.

A number of hedge funds have recently bought and sold shares of GWB. First Trust Advisors LP boosted its holdings in Great Western Bancorp by 47.1% in the 1st quarter. First Trust Advisors LP now owns 39,493 shares of the bank’s stock worth $1,248,000 after buying an additional 12,644 shares during the last quarter. UBS Group AG boosted its holdings in shares of Great Western Bancorp by 7.1% during the 4th quarter. UBS Group AG now owns 59,463 shares of the bank’s stock worth $2,066,000 after purchasing an additional 3,955 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Great Western Bancorp by 10.0% during the 4th quarter. Bank of New York Mellon Corp now owns 884,653 shares of the bank’s stock worth $30,732,000 after purchasing an additional 80,644 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Great Western Bancorp by 4.3% during the 4th quarter. Bank of America Corp DE now owns 451,988 shares of the bank’s stock worth $15,702,000 after purchasing an additional 18,745 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Great Western Bancorp during the 4th quarter worth approximately $205,000. Institutional investors own 98.24% of the company’s stock.

About Great Western Bancorp

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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