Great Western Bancorp Inc (NYSE:GWB) CFO Peter Robert Chapman sold 3,450 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $33.98, for a total value of $117,231.00. Following the completion of the transaction, the chief financial officer now directly owns 21,423 shares in the company, valued at $727,953.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NYSE:GWB opened at $34.55 on Friday. The stock has a market capitalization of $1.96 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 0.98. Great Western Bancorp Inc has a 1 year low of $31.54 and a 1 year high of $46.03.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, October 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.06). The business had revenue of $121.25 million during the quarter, compared to analyst estimates of $125.89 million. Great Western Bancorp had a net margin of 28.43% and a return on equity of 9.51%. On average, equities research analysts forecast that Great Western Bancorp Inc will post 3.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Friday, November 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Thursday, November 8th. Great Western Bancorp’s dividend payout ratio is 34.48%.
A number of hedge funds have recently bought and sold shares of GWB. BlackRock Inc. raised its stake in Great Western Bancorp by 6.9% during the 2nd quarter. BlackRock Inc. now owns 8,154,606 shares of the bank’s stock worth $342,412,000 after buying an additional 524,152 shares during the period. Macquarie Group Ltd. raised its stake in Great Western Bancorp by 8.5% during the 3rd quarter. Macquarie Group Ltd. now owns 3,999,128 shares of the bank’s stock worth $168,723,000 after buying an additional 314,739 shares during the period. Dimensional Fund Advisors LP raised its stake in Great Western Bancorp by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,567,587 shares of the bank’s stock worth $107,814,000 after buying an additional 272,106 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Great Western Bancorp during the 2nd quarter worth approximately $10,258,000. Finally, FMR LLC raised its stake in Great Western Bancorp by 7.4% during the 2nd quarter. FMR LLC now owns 2,644,413 shares of the bank’s stock worth $111,039,000 after buying an additional 182,494 shares during the period.
A number of research analysts have recently issued reports on GWB shares. Zacks Investment Research downgraded Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. ValuEngine downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Piper Jaffray Companies set a $37.00 price objective on Great Western Bancorp and gave the company a “hold” rating in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Great Western Bancorp currently has an average rating of “Hold” and a consensus price target of $46.57.
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About Great Western Bancorp
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.
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