Great Western Bancorp Inc (NYSE:GWB) Short Interest Update

Great Western Bancorp Inc (NYSE:GWB) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,190,000 shares, an increase of 20.3% from the December 15th total of 989,500 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 275,200 shares, the short-interest ratio is currently 4.3 days.

Shares of NYSE:GWB opened at $34.23 on Wednesday. Great Western Bancorp has a 1 year low of $28.06 and a 1 year high of $38.78. The company has a market cap of $1.91 billion, a PE ratio of 11.64, a P/E/G ratio of 2.94 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50-day moving average is $34.64 and its 200 day moving average is $33.51.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Great Western Bancorp had a return on equity of 9.01% and a net margin of 27.73%. The company had revenue of $121.73 million for the quarter, compared to the consensus estimate of $123.57 million. During the same quarter in the previous year, the business earned $0.72 EPS. Analysts expect that Great Western Bancorp will post 3.01 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on GWB shares. TheStreet lowered Great Western Bancorp from a “b” rating to a “c+” rating in a research note on Monday, December 2nd. ValuEngine raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Stephens downgraded Great Western Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.

In other news, CFO Peter Robert Chapman sold 4,071 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $34.00, for a total value of $138,414.00. Following the completion of the sale, the chief financial officer now owns 25,890 shares of the company’s stock, valued at approximately $880,260. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kenneth James Karels sold 35,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,662 shares of the company’s stock, valued at approximately $959,832. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Great Western Bancorp by 0.5% during the 2nd quarter. BlackRock Inc. now owns 8,375,127 shares of the bank’s stock worth $299,160,000 after acquiring an additional 39,504 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Great Western Bancorp by 3.5% during the 2nd quarter. Macquarie Group Ltd. now owns 4,477,428 shares of the bank’s stock worth $159,934,000 after acquiring an additional 149,744 shares during the period. Northern Trust Corp grew its holdings in shares of Great Western Bancorp by 4.8% during the 2nd quarter. Northern Trust Corp now owns 1,375,660 shares of the bank’s stock worth $49,138,000 after acquiring an additional 62,800 shares during the period. Invesco Ltd. grew its holdings in shares of Great Western Bancorp by 7.3% during the 2nd quarter. Invesco Ltd. now owns 1,178,069 shares of the bank’s stock worth $42,081,000 after acquiring an additional 79,863 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Great Western Bancorp by 9,195.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,041,809 shares of the bank’s stock worth $37,213,000 after acquiring an additional 1,030,601 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About Great Western Bancorp

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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