Zacks Investment Research downgraded shares of Great Western Bancorp (NYSE:GWB) from a hold rating to a sell rating in a report released on Tuesday morning, 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 reissued a buy rating on shares of Great Western Bancorp in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Great Western Bancorp currently has a consensus rating of Hold and a consensus target price of $41.33.

GWB opened at $32.95 on Tuesday. Great Western Bancorp has a 52 week low of $29.52 and a 52 week high of $44.83. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.38 and a beta of 1.62. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.21.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). Great Western Bancorp had a net margin of 30.31% and a return on equity of 9.75%. The company had revenue of $121.70 million for the quarter, compared to the consensus estimate of $121.78 million. During the same period last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts forecast that Great Western Bancorp will post 3.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.30 dividend. This is an increase from Great Western Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, May 9th. 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 presently 41.38%.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its holdings in shares of Great Western Bancorp by 5.0% in the 1st quarter. Macquarie Group Ltd. now owns 4,327,684 shares of the bank’s stock valued at $136,712,000 after buying an additional 207,598 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Great Western Bancorp by 10.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,130,319 shares of the bank’s stock valued at $98,887,000 after buying an additional 303,106 shares in the last quarter. FMR LLC boosted its holdings in shares of Great Western Bancorp by 4.8% in the 1st quarter. FMR LLC now owns 2,372,507 shares of the bank’s stock valued at $74,948,000 after buying an additional 108,577 shares in the last quarter. Mairs & Power INC boosted its holdings in shares of Great Western Bancorp by 5.1% in the 4th quarter. Mairs & Power INC now owns 2,319,120 shares of the bank’s stock valued at $72,473,000 after buying an additional 113,570 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Great Western Bancorp by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,291,334 shares of the bank’s stock valued at $72,383,000 after buying an additional 12,731 shares in the last quarter. 99.49% of the stock is owned by hedge funds and other institutional investors.

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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