Great Western Bancorp Inc. (GWB) Receives Average Rating of “Hold” from Analysts
Shares of Great Western Bancorp Inc. (NYSE:GWB) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $36.60.
A number of equities analysts recently commented on GWB shares. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, August 2nd. Deutsche Bank AG lifted their price objective on Great Western Bancorp from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Great Western Bancorp in a research report on Saturday, July 9th. Piper Jaffray Cos. started coverage on Great Western Bancorp in a research report on Thursday, October 6th. They set a “neutral” rating and a $35.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on Great Western Bancorp from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th.
A number of large investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its stake in shares of Great Western Bancorp by 22.2% in the first quarter. Prudential Financial Inc. now owns 548,000 shares of the company’s stock worth $14,944,000 after buying an additional 99,500 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Great Western Bancorp by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,480,339 shares of the company’s stock worth $40,369,000 after buying an additional 28,017 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Great Western Bancorp by 27.4% in the first quarter. BlackRock Group LTD now owns 85,316 shares of the company’s stock worth $2,327,000 after buying an additional 18,352 shares during the last quarter. Artemis Investment Management LLP boosted its stake in shares of Great Western Bancorp by 184.7% in the second quarter. Artemis Investment Management LLP now owns 1,248,600 shares of the company’s stock worth $39,412,000 after buying an additional 810,000 shares during the last quarter. Finally, PineBridge Investments L.P. purchased a new stake in shares of Great Western Bancorp during the second quarter worth $234,000.
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Shares of Great Western Bancorp (NYSE:GWB) traded down 3.04% during mid-day trading on Thursday, hitting $32.54. The stock had a trading volume of 76,874 shares. The firm has a 50 day moving average of $33.18 and a 200-day moving average of $32.03. Great Western Bancorp has a one year low of $22.68 and a one year high of $35.01. The stock has a market cap of $1.91 billion, a P/E ratio of 15.04 and a beta of 1.68.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, topping the Zacks’ 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 quarter in the prior year, the business earned $0.50 EPS. Equities research analysts expect that Great Western Bancorp will post $2.29 earnings per share for the current fiscal year.
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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