Great Western Bancorp, Inc. (GWB) Upgraded by Zacks Investment Research to Hold
Great Western Bancorp, Inc. (NYSE:GWB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
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 analysts have also commented on GWB. BidaskClub lowered Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday. Royal Bank Of Canada restated a “buy” rating and set a $48.00 price target on shares of Great Western Bancorp in a report on Friday, July 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a report on Monday, April 3rd. FBR & Co started coverage on Great Western Bancorp in a report on Tuesday, April 11th. They issued an “outperform” rating and a $48.00 price objective on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a report on Wednesday, April 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.13.
Great Western Bancorp (GWB) traded up 0.03% on Tuesday, hitting $39.92. The stock had a trading volume of 172,739 shares. Great Western Bancorp has a 12 month low of $31.51 and a 12 month high of $45.62. The company has a 50-day moving average of $39.11 and a 200 day moving average of $41.80. The company has a market cap of $2.35 billion, a PE ratio of 17.64 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 the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $111.23 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.55 earnings per share. On average, analysts predict that Great Western Bancorp will post $2.49 EPS for the current fiscal year.
In related news, insider Bryan Leighton Kindopp sold 766 shares of Great Western Bancorp stock in a transaction on Monday, June 12th. The stock was sold at an average price of $40.95, for a total transaction of $31,367.70. Following the completion of the transaction, the insider now directly owns 300 shares of the company’s stock, valued at $12,285. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.
Several large investors have recently made changes to their positions in GWB. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of Great Western Bancorp during the fourth quarter worth approximately $1,413,000. Eagle Asset Management acquired a new stake in shares of Great Western Bancorp during the third quarter worth approximately $15,464,000. Mountain Pacific Investment Advisers Inc. ID increased its stake in shares of Great Western Bancorp by 31.6% in the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 218,900 shares of the bank’s stock worth $6,352,000 after buying an additional 52,500 shares in the last quarter. Numeric Investors LLC increased its stake in shares of Great Western Bancorp by 191.2% in the fourth quarter. Numeric Investors LLC now owns 1,051,820 shares of the bank’s stock worth $30,524,000 after buying an additional 690,624 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Great Western Bancorp during the fourth quarter worth approximately $6,425,000.
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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