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

Zacks Investment Research downgraded shares of Great Western Bancorp (NYSE:GWB) from a hold rating to a sell rating in a report published on Tuesday, 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 research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Great Western Bancorp has an average rating of Hold and a consensus price target of $41.33.

Shares of Great Western Bancorp stock opened at $32.93 on Tuesday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.40 and a beta of 1.62. Great Western Bancorp has a 52 week low of $29.52 and a 52 week high of $44.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.95 and a current ratio of 0.95.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.01). The company had revenue of $121.70 million during the quarter, compared to analysts’ expectations of $121.78 million. Great Western Bancorp had a net margin of 30.31% and a return on equity of 9.75%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. Analysts anticipate that Great Western Bancorp will post 3.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 9th. This is a positive change from Great Western Bancorp’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Great Western Bancorp’s dividend payout ratio (DPR) is 41.38%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mason Street Advisors LLC grew its position in shares of Great Western Bancorp by 2.1% during the first quarter. Mason Street Advisors LLC now owns 18,286 shares of the bank’s stock worth $578,000 after acquiring an additional 378 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Great Western Bancorp by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 22,333 shares of the bank’s stock worth $705,000 after acquiring an additional 403 shares during the last quarter. Piedmont Investment Advisors Inc. grew its position in shares of Great Western Bancorp by 4.1% during the first quarter. Piedmont Investment Advisors Inc. now owns 14,317 shares of the bank’s stock worth $452,000 after acquiring an additional 567 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Great Western Bancorp by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 15,099 shares of the bank’s stock worth $472,000 after acquiring an additional 588 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Great Western Bancorp by 3.4% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,080 shares of the bank’s stock worth $596,000 after acquiring an additional 630 shares during the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.

Great Western Bancorp Company Profile

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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