Great Western Bancorp’s (NYSE:GWB) “Buy” Rating Reiterated at Royal Bank Of Canada
Great Western Bancorp, Inc. (NYSE:GWB)‘s stock had its “buy” rating reissued by Royal Bank Of Canada in a report issued on Friday. They currently have a $48.00 price objective on the bank’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 18.58% from the company’s current price.
GWB has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 target price on shares of Great Western Bancorp in a research note on Tuesday, May 30th. BidaskClub raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. DA Davidson reissued a “buy” rating and set a $50.00 target price on shares of Great Western Bancorp in a research note on Wednesday, April 12th. Finally, FBR & Co began coverage on shares of Great Western Bancorp in a report on Tuesday, April 11th. They set an “outperform” rating and a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Great Western Bancorp currently has an average rating of “Hold” and an average target price of $45.13.
Great Western Bancorp (NYSE:GWB) traded down 0.88% during mid-day trading on Friday, hitting $40.48. The stock had a trading volume of 282,308 shares. The firm’s 50-day moving average is $39.11 and its 200 day moving average is $41.80. Great Western Bancorp has a one year low of $30.15 and a one year high of $45.62. The stock has a market cap of $2.38 billion, a PE ratio of 17.89 and a beta of 1.73.
Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, April 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $111.23 million for the quarter, compared to analyst estimates of $116.90 million. Great Western Bancorp had a net margin of 27.72% and a return on equity of 8.48%. During the same period last year, the business earned $0.55 EPS. Equities research analysts expect that Great Western Bancorp will post $2.50 EPS for the current year.
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In other news, insider Bryan Leighton Kindopp sold 766 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $40.95, for a total transaction of $31,367.70. Following the transaction, the insider now owns 300 shares in the company, valued at approximately $12,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWB. Independent Portfolio Consultants Inc. acquired a new position in Great Western Bancorp during the second quarter worth $658,000. Teachers Retirement System of The State of Kentucky increased its position in Great Western Bancorp by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 43,420 shares of the bank’s stock worth $1,841,000 after buying an additional 1,800 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Great Western Bancorp by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,015,808 shares of the bank’s stock worth $85,491,000 after buying an additional 32,139 shares in the last quarter. Macquarie Group Ltd. increased its position in Great Western Bancorp by 7.4% in the first quarter. Macquarie Group Ltd. now owns 2,915,520 shares of the bank’s stock worth $123,647,000 after buying an additional 200,195 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in Great Western Bancorp by 2.9% in the first quarter. Westwood Holdings Group Inc. now owns 1,585,903 shares of the bank’s stock worth $67,258,000 after buying an additional 44,504 shares in the last quarter.
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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