A quarterly cash dividend of $0.14 per common share, an increase of $0.02 per common share, or 16.7%, compared to past dividends, will be paid on November 30, 2015, to all stockholders of record as of the close of business on November 13, 2015. Future dividends will be subject to Board approval.
“The Board of Directors of Great Western Bancorp, Inc. was pleased with the Company’s financial performance for fiscal year 2015 and felt that it was appropriate to increase the amount of our quarterly dividend,” said Ken Karels, President and Chief Executive Officer. “We will continue to maintain the Company’s strong capital position, deploy capital in ways that grow stockholder value and return capital to stockholders when we believe it makes the most sense.”
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Great Western Bancorp Inc (NYSE:GWB) stock is currently trading 0.87% below its 52-week-high, 47.49% above its 52-week-low. The 1-year stock price history is in the range of $19.35 – $28.79. Great Western Bancorp Inc (GWB) has a price to earnings ratio of 16.02 versus Financial sector average of 16.18. GWB stock price has outperformed the S&P 500 by 24.1%. The Financial Services company is currently valued at $1.58 billion and its share price closed the last trading session at $28.54. The stock has a 50-day moving average of $25.35 and a 200-day moving average of $24.54.
Great Western Bancorp Inc (GWB) current short interest stands at 1.3 million shares. It has decreased by 10% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.55 million shares, the number of days required to cover the short positions stand at 2.4 days.
GWB reported last quarter earnings on October 29. The Financial Services company announced earnings per share of $0.6 against a consensus Street estimate of $0.49, beating the average estimate by $0.11.
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There are currently eight analysts that cover Great Western Bancorp Inc stock. Of those eight, eight have a Buy rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $28.75.
A recent analyst activity consisted of JP Morgan who initiated their coverage on the stock with Overweight rating on July 9. JP Morgan fixed their price target at $30. This corresponds to a 5.12% upside from the last closing price. On the date of report, the stock closed at $23.93.
Stephens & Co. initiated their coverage on the stock with Overweight rating on July 2. On the date of report, the stock closed at $23.76.
Another research firm was RBC Capital who reiterated their Outperform stance on May 6. RBC Capital increased their price target on Great Western Bancorp Inc from $24 to $26. This translates to a 8.9% downside from the last closing price. On the date of report, the stock closed at $23.06.
Great Western Bancorp Inc. is a bank holding company owning or controlling one or more banks.