Great Western Bancorp Inc. (GWB) Sees Large Volume Increase
Shares of Great Western Bancorp Inc. (NYSE:GWB) saw unusually-high trading volume on Wednesday . Approximately 614,123 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 290,269 shares.The stock last traded at $34.24 and had previously closed at $34.15.
A number of equities research analysts recently weighed in on GWB shares. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, August 2nd. Deutsche Bank AG lifted their price objective on shares of Great Western Bancorp from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Great Western Bancorp in a report on Saturday, July 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Great Western Bancorp from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, Credit Suisse Group AG reiterated a “sell” rating on shares of Great Western Bancorp in a report on Wednesday, August 24th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.60.
The firm has a market capitalization of $2.01 billion and a price-to-earnings ratio of 15.82. The company’s 50 day moving average is $33.35 and its 200-day moving average is $30.58.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.05. During the same quarter in the previous year, the business posted $0.50 EPS. Equities research analysts expect that Great Western Bancorp Inc. will post $2.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Friday, August 12th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Wednesday, August 10th.
Great Western Bancorp, Inc is a bank holding company. The Company’s primary business is the ownership of its subsidiary, Great Western Bank (the Bank), which is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services.
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