Great Western Bancorp Increases Stock Repurchase Ceiling

published 11:35 pm ET September 10th, 2019

On September 3, Great Western Bancorp, Inc. (GWB) announced that its Board of Directors amended its current stock repurchase program. The amendment allows the company to repurchase an additional $75 million in common stock. Previous repurchases were close to the $100 million total allocated under the October 26, 2016 authorization.

 

Jet Equities sent an alert at 5:30 pm. Regular market trading opened the next day at $29.74. The stock price increased over $1 during the first day and continued to rise over the next four trading sessions. Trading closed at $32.98 on September 10 for a gain of 10.89%.

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