Zacks Investment Research Lowers Great Western Bancorp (NYSE:GWB) to Sell

Zacks Investment Research lowered shares of Great Western Bancorp (NYSE:GWB) from a hold rating to a sell rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Great Western Bancorp Inc. is a full-service regional bank holding company. It focuses on business and agribusiness banking, complemented by retail banking and wealth management services. The Bank’s loan portfolio consists primarily of business loans, comprised of commercial and industrial, and agribusiness loans. It also provides a range of deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers. The Bank provides wealth management solutions consisting of financial planning, private banking, investment management, and trust services. Great Western Bancorp, Inc. is headquartered in Sioux Falls, South Dakota. “

Separately, DA Davidson reiterated a buy rating on shares of Great Western Bancorp in a report on Thursday, April 25th.

Shares of NYSE:GWB opened at $35.91 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.95 and a quick ratio of 0.95. Great Western Bancorp has a twelve month low of $29.52 and a twelve month high of $44.60. The stock’s 50 day moving average price is $33.81. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.65.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.01). Great Western Bancorp had a return on equity of 9.75% and a net margin of 30.31%. The company had revenue of $121.70 million for the quarter, compared to the consensus estimate of $121.78 million. During the same quarter last year, the company posted $0.69 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Great Western Bancorp will post 3.16 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. grew its holdings in Great Western Bancorp by 55.6% during the first quarter. Marshall Wace North America L.P. now owns 2,519 shares of the bank’s stock worth $79,000 after buying an additional 900 shares in the last quarter. Pearl River Capital LLC grew its holdings in Great Western Bancorp by 1,209.2% during the first quarter. Pearl River Capital LLC now owns 3,980 shares of the bank’s stock worth $126,000 after buying an additional 3,676 shares in the last quarter. Flinton Capital Management LLC grew its holdings in Great Western Bancorp by 22.9% during the fourth quarter. Flinton Capital Management LLC now owns 6,352 shares of the bank’s stock worth $198,000 after buying an additional 1,184 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Great Western Bancorp during the first quarter worth $251,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Great Western Bancorp during the first quarter worth $263,000. Institutional investors and hedge funds own 99.45% 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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