Great Western Bancorp, Inc. (GWB) Lowered to “Sell” at BidaskClub
Great Western Bancorp, Inc. (NYSE:GWB) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Sunday.
A number of other analysts have also recently issued reports on GWB. J P Morgan Chase & Co cut Great Western Bancorp from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $48.00 to $47.00 in a research report on Friday, April 28th. DA Davidson reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a research report on Wednesday, April 12th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, April 5th. FBR & Co initiated coverage on Great Western Bancorp in a research report on Tuesday, April 11th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Great Western Bancorp in a research report on Tuesday, May 30th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.13.
Shares of Great Western Bancorp (GWB) traded down 0.87% on Friday, reaching $40.03. The company’s stock had a trading volume of 177,233 shares. Great Western Bancorp has a 1-year low of $31.51 and a 1-year high of $45.62. The company’s 50 day moving average is $39.11 and its 200-day moving average is $41.80. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 17.69 and a beta of 1.73.
Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, April 27th. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by $0.02. Great Western Bancorp had a net margin of 27.72% and a return on equity of 8.48%. The company had revenue of $111.23 million for the quarter, compared to analyst estimates of $116.90 million. During the same period last year, the company posted $0.55 earnings per share. Equities research analysts expect that Great Western Bancorp will post $2.49 EPS for the current year.
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In other news, insider Bryan Leighton Kindopp sold 766 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $40.95, for a total transaction of $31,367.70. Following the transaction, the insider now owns 300 shares in the company, valued at $12,285. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GWB. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock worth $104,000 after buying an additional 1,263 shares during the period. Victory Capital Management Inc. raised its position in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after buying an additional 88 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Great Western Bancorp by 92.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the bank’s stock worth $144,000 after buying an additional 1,586 shares during the period. Koch Industries Inc. bought a new position in Great Western Bancorp during the first quarter worth approximately $214,000. Finally, GSA Capital Partners LLP bought a new position in Great Western Bancorp during the fourth quarter worth approximately $244,000.
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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