Great Western Bancorp, Inc. (GWB) CFO Peter Robert Chapman Sells 7,006 Shares
Great Western Bancorp, Inc. (NYSE:GWB) CFO Peter Robert Chapman sold 7,006 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.22, for a total transaction of $281,781.32. Following the completion of the transaction, the chief financial officer now owns 24,545 shares in the company, valued at $987,199.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Great Western Bancorp, Inc. (NYSE:GWB) traded down 2.22% during mid-day trading on Tuesday, reaching $40.49. 429,931 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $37.09 and its 200-day moving average is $39.43. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 16.96 and a beta of 1.75. Great Western Bancorp, Inc. has a 52-week low of $31.51 and a 52-week high of $45.62.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The business had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. During the same quarter last year, the company posted $0.59 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that Great Western Bancorp, Inc. will post $2.43 EPS for the current year.
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A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Thursday, September 28th. Piper Jaffray Companies restated a “hold” rating and set a $41.00 price target on shares of Great Western Bancorp in a report on Thursday, August 3rd. BidaskClub raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.44.
Several large investors have recently added to or reduced their stakes in GWB. Piedmont Investment Advisors LLC bought a new position in shares of Great Western Bancorp in the second quarter valued at about $518,000. Westwood Holdings Group Inc. lifted its stake in shares of Great Western Bancorp by 13.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock worth $73,157,000 after buying an additional 210,971 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Great Western Bancorp by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,003,365 shares of the bank’s stock worth $40,947,000 after buying an additional 50,988 shares during the last quarter. State Street Corp lifted its stake in shares of Great Western Bancorp by 10.6% during the 2nd quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock worth $110,148,000 after buying an additional 259,443 shares during the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Great Western Bancorp during the 2nd quarter worth about $238,000.
Great Western Bancorp Company Profile
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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