Great Western Bancorp Inc (NYSE:GWB) Director James Brannen acquired 5,000 shares of Great Western Bancorp stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $12.55 per share, with a total value of $62,750.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $62,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GWB stock opened at $13.00 on Friday. The company has a market cap of $715.18 million, a P/E ratio of 5.65, a PEG ratio of 5.45 and a beta of 1.17. Great Western Bancorp Inc has a twelve month low of $10.86 and a twelve month 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 business has a fifty day moving average of $13.65 and a 200-day moving average of $20.24.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Wednesday, July 29th. The bank reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Great Western Bancorp had a positive return on equity of 8.39% and a negative net margin of 120.07%. The company had revenue of $108.19 million for the quarter, compared to analyst estimates of $117.15 million. During the same period last year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was down 27.4% on a year-over-year basis. As a group, equities research analysts anticipate that Great Western Bancorp Inc will post 1.01 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Private Capital Group LLC grew its stake in shares of Great Western Bancorp by 169.9% during the first quarter. Private Capital Group LLC now owns 1,325 shares of the bank’s stock worth $27,000 after purchasing an additional 834 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Great Western Bancorp by 147.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,003 shares of the bank’s stock worth $70,000 after purchasing an additional 1,192 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Great Western Bancorp by 44.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,391 shares of the bank’s stock worth $90,000 after purchasing an additional 1,360 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Great Western Bancorp during the first quarter worth $113,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Great Western Bancorp during the fourth quarter worth $205,000. 98.24% of the stock is owned by institutional investors and hedge funds.
GWB has been the subject of a number of recent research reports. ValuEngine raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, June 8th. Royal Bank of Canada cut their price target on Great Western Bancorp from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. downgraded Great Western Bancorp from a “neutral” rating to an “underweight” rating and set a $15.00 price target for the company. in a research note on Monday, May 4th. Finally, Piper Sandler cut their price objective on Great Western Bancorp from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Great Western Bancorp currently has a consensus rating of “Hold” and a consensus price target of $24.00.
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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