Great Western Bancorp (NYSE:GWB) Sees Unusually-High Trading Volume

Great Western Bancorp, Inc. (NYSE:GWB) saw an uptick in trading volume on Friday . 24,128 shares changed hands during mid-day trading, a decline of 93% from the previous session’s volume of 348,887 shares.The stock last traded at $31.34 and had previously closed at $32.00.

Several research firms have recently commented on GWB. Zacks Investment Research lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 28th. Royal Bank of Canada lowered shares of Great Western Bancorp from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $35.00 to $33.00 in a research note on Friday. Finally, DA Davidson lowered shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $38.00 to $36.00 in a research note on Friday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Great Western Bancorp presently has a consensus rating of “Hold” and an average price target of $26.20.

The business’s fifty day moving average price is $30.57 and its 200 day moving average price is $31.80. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.88 and a beta of 1.30. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.

Great Western Bancorp (NYSE:GWB) last announced its earnings results on Wednesday, July 28th. The bank reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.31. The business had revenue of $116.83 million for the quarter, compared to analysts’ expectations of $118.46 million. Great Western Bancorp had a net margin of 33.10% and a return on equity of 14.49%. As a group, sell-side analysts forecast that Great Western Bancorp, Inc. will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Friday, August 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.63%. This is a positive change from Great Western Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, August 12th. Great Western Bancorp’s dividend payout ratio (DPR) is 12.50%.

Large investors have recently bought and sold shares of the stock. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Great Western Bancorp in the 1st quarter valued at $1,124,000. Canada Pension Plan Investment Board purchased a new stake in shares of Great Western Bancorp during the 1st quarter worth $1,060,000. Profund Advisors LLC purchased a new stake in shares of Great Western Bancorp during the 1st quarter worth $202,000. Cullen Capital Management LLC boosted its position in shares of Great Western Bancorp by 160.3% during the 1st quarter. Cullen Capital Management LLC now owns 51,101 shares of the bank’s stock worth $1,548,000 after purchasing an additional 31,466 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Great Western Bancorp during the 1st quarter worth $2,726,000. Hedge funds and other institutional investors own 98.62% of the company’s stock.

About Great Western Bancorp (NYSE:GWB)

Great Western Bancorp, Inc operates as a bank holding company. The firm engages in the provision of relationship-based business and agri-business banking services. It also offers 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.

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