Great Western Bancorp (NYSE:GWB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, February 27th. The firm currently has a $48.00 target price on the bank’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.02% from the stock’s current price.
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. “
Several other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Deutsche Bank boosted their price objective on shares of Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. B. Riley cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $51.00 price objective on shares of Great Western Bancorp in a report on Thursday, January 25th. Finally, FBR & Co cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Great Western Bancorp has an average rating of “Hold” and an average target price of $46.70.
Great Western Bancorp (NYSE:GWB) traded down $0.55 during trading hours on Tuesday, hitting $42.85. 271,767 shares of the stock were exchanged, compared to its average volume of 220,121. Great Western Bancorp has a one year low of $33.27 and a one year high of $45.62. The company has a market cap of $2,570.00, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The firm had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $118.85 million. Great Western Bancorp had a net margin of 27.04% and a return on equity of 8.66%. During the same quarter last year, the company posted $0.63 EPS. equities research analysts predict that Great Western Bancorp will post 2.93 earnings per share for the current fiscal year.
In other Great Western Bancorp news, insider Kenneth James Karels sold 1,510 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $45.00, for a total value of $67,950.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen John Ulenberg sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $41.81, for a total transaction of $125,430.00. Following the completion of the transaction, the executive vice president now owns 12,736 shares in the company, valued at $532,492.16. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in GWB. Advisor Group Inc. increased its holdings in shares of Great Western Bancorp by 68.7% in the fourth quarter. Advisor Group Inc. now owns 3,221 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,312 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Great Western Bancorp by 36.3% in the third quarter. Victory Capital Management Inc. now owns 5,379 shares of the bank’s stock valued at $222,000 after acquiring an additional 1,434 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Great Western Bancorp in the fourth quarter valued at about $229,000. Xact Kapitalforvaltning AB acquired a new position in shares of Great Western Bancorp in the fourth quarter valued at about $243,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Great Western Bancorp in the fourth quarter valued at about $289,000.
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Great Western Bancorp Company Profile
Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
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