Great Western Bancorp (NYSE:GWB) Reaches New 1-Year Low at $29.50

Great Western Bancorp Inc (NYSE:GWB) reached a new 52-week low on Wednesday . The company traded as low as $29.50 and last traded at $29.75, with a volume of 52900 shares. The stock had previously closed at $30.53.

GWB has been the subject of a number of analyst reports. Royal Bank of Canada set a $38.00 price target on Great Western Bancorp and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson reaffirmed a “buy” rating on shares of Great Western Bancorp in a report on Thursday, April 25th. Zacks Investment Research cut Great Western Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Piper Jaffray Companies set a $36.00 price target on Great Western Bancorp and gave the stock a “hold” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.00.

The firm has a market capitalization of $1.80 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.95 and a current ratio of 0.98. The stock has a fifty day moving average price of $34.19.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, July 25th. The bank reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.32). Great Western Bancorp had a return on equity of 8.63% and a net margin of 26.81%. The business had revenue of $116.40 million during the quarter, compared to analyst estimates of $120.91 million. During the same period in the previous year, the company posted $0.78 EPS. As a group, equities research analysts expect that Great Western Bancorp Inc will post 2.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, August 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.03%. Great Western Bancorp’s payout ratio is currently 41.38%.

Institutional investors have recently made changes to their positions in the business. FTB Advisors Inc. raised its holdings in shares of Great Western Bancorp by 50.3% during the second quarter. FTB Advisors Inc. now owns 1,160 shares of the bank’s stock valued at $41,000 after acquiring an additional 388 shares during the last quarter. Marshall Wace North America L.P. raised its holdings in shares of 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 valued at $79,000 after acquiring an additional 900 shares during the last quarter. Pearl River Capital LLC raised its holdings in shares of 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 valued at $126,000 after acquiring an additional 3,676 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Great Western Bancorp during the second quarter valued at approximately $153,000. Finally, Texas Yale Capital Corp. acquired a new position in shares of Great Western Bancorp during the second quarter valued at approximately $212,000. 99.68% of the stock is owned by institutional investors and hedge funds.

About Great Western Bancorp (NYSE:GWB)

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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