Great Western Bancorp Inc. (GWB) Price Target Raised to $39.00 at Deutsche Bank AG
Great Western Bancorp Inc. (NYSE:GWB) had its price target upped by investment analysts at Deutsche Bank AG from $38.00 to $39.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 13.74% from the company’s current price.
Several other analysts also recently issued reports on the company. Piper Jaffray Cos. began coverage on Great Western Bancorp in a research note on Thursday, October 6th. They set a “neutral” rating and a $35.00 target price on the stock. Zacks Investment Research downgraded Great Western Bancorp from a “buy” rating to a “sell” rating in a research note on Wednesday, September 28th. Credit Suisse Group AG reissued a “sell” rating on shares of Great Western Bancorp in a research note on Wednesday, August 24th. JPMorgan Chase & Co. lifted their target price on Great Western Bancorp from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, Keefe, Bruyette & Woods lifted their target price on Great Western Bancorp from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $36.50.
Shares of Great Western Bancorp (NYSE:GWB) traded down 2.16% during mid-day trading on Tuesday, reaching $33.55. The company’s stock had a trading volume of 79,277 shares. The company has a market cap of $1.97 billion, a PE ratio of 15.50 and a beta of 1.68. Great Western Bancorp has a 52-week low of $22.68 and a 52-week high of $35.01. The company has a 50-day moving average price of $33.11 and a 200 day moving average price of $32.01.
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Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Great Western Bancorp had a return on equity of 8.54% and a net margin of 29.00%. During the same period in the prior year, the company earned $0.50 EPS. Equities analysts expect that Great Western Bancorp will post $2.29 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Great Western Bancorp by 27.8% in the second quarter. Vanguard Group Inc. now owns 6,140,248 shares of the company’s stock worth $193,664,000 after buying an additional 1,336,682 shares during the period. BlackRock Fund Advisors boosted its position in shares of Great Western Bancorp by 277.2% in the second quarter. BlackRock Fund Advisors now owns 3,770,599 shares of the company’s stock worth $118,925,000 after buying an additional 2,770,994 shares during the period. Macquarie Group Ltd. boosted its position in shares of Great Western Bancorp by 6.8% in the second quarter. Macquarie Group Ltd. now owns 2,620,132 shares of the company’s stock worth $82,639,000 after buying an additional 166,712 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Great Western Bancorp by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 2,337,450 shares of the company’s stock worth $73,722,000 after buying an additional 61,291 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Great Western Bancorp by 2.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,130,664 shares of the company’s stock worth $58,103,000 after buying an additional 45,003 shares during the period.
Great Western Bancorp Company Profile
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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