Great Western Bancorp, Inc. (NYSE:GWB) was downgraded by equities research analysts at B. Riley from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, November 1st. They currently have a $44.00 target price on the bank’s stock. B. Riley’s price target would suggest a potential upside of 9.53% from the stock’s previous close.
GWB has been the subject of several other reports. Zacks Investment Research raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. ValuEngine cut shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 target price on shares of Great Western Bancorp in a report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 target price on shares of Great Western Bancorp in a report on Friday, October 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 target price on shares of Great Western Bancorp in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.22.
Great Western Bancorp (NYSE:GWB) opened at $40.17 on Wednesday. The stock has a market cap of $2,350.42, a PE ratio of 16.24, a P/E/G ratio of 2.00 and a beta of 1.72. Great Western Bancorp has a 1-year low of $33.27 and a 1-year high of $45.62. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.
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In other news, insider Kenneth James Karels sold 24,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $41.09, for a total value of $986,160.00. Following the transaction, the insider now owns 53,702 shares of the company’s stock, valued at approximately $2,206,615.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen John Ulenberg sold 5,397 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 $217,067.34. Following the completion of the transaction, the executive vice president now directly owns 20,505 shares in the company, valued at approximately $824,711.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,280 shares of company stock worth $2,829,831. 0.19% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Great Western Bancorp by 49,025.7% in the 1st quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after acquiring an additional 7,189,614 shares during the period. Macquarie Group Ltd. increased its stake in Great Western Bancorp by 8.1% during the 3rd quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock worth $147,562,000 after buying an additional 269,230 shares during the period. Bank of New York Mellon Corp increased its stake in Great Western Bancorp by 17.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock worth $125,698,000 after buying an additional 460,107 shares during the period. State Street Corp increased its stake in 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 period. Finally, JPMorgan Chase & Co. increased its stake in Great Western Bancorp by 6.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock worth $99,807,000 after buying an additional 147,426 shares during the period.
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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