Great Western Bancorp, Inc. (NYSE:GWB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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. “

GWB has been the subject of several other research reports. ValuEngine lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered shares of Great Western Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of Great Western Bancorp in a report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $41.00 price objective on shares of Great Western Bancorp in a report on Thursday, August 3rd. Finally, TheStreet lowered shares of Great Western Bancorp from a “b” rating to a “c” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $45.44.

Great Western Bancorp (NYSE:GWB) traded up 1.93% during mid-day trading on Tuesday, hitting $35.99. The stock had a trading volume of 249,430 shares. The company has a 50-day moving average of $37.22 and a 200-day moving average of $40.10. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 15.07 and a beta of 1.71. Great Western Bancorp has a 12-month low of $31.51 and a 12-month high of $45.62.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The business had revenue of $114.22 million during the quarter, compared to analyst estimates of $117.10 million. During the same period last year, the company earned $0.59 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts anticipate that Great Western Bancorp will post $2.43 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in GWB. Nisa Investment Advisors LLC grew its stake in shares of Great Western Bancorp by 5.4% during the first quarter. Nisa Investment Advisors LLC now owns 9,700 shares of the bank’s stock valued at $411,000 after purchasing an additional 500 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Great Western Bancorp by 86.0% during the first quarter. Russell Investments Group Ltd. now owns 107,543 shares of the bank’s stock valued at $4,561,000 after purchasing an additional 49,723 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Great Western Bancorp by 10.4% during the first quarter. Wells Fargo & Company MN now owns 254,223 shares of the bank’s stock valued at $10,782,000 after purchasing an additional 23,905 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Great Western Bancorp by 6.2% during the first quarter. Great West Life Assurance Co. Can now owns 82,826 shares of the bank’s stock valued at $3,511,000 after purchasing an additional 4,837 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Great Western Bancorp by 191.2% during the first quarter. LSV Asset Management now owns 29,700 shares of the bank’s stock valued at $1,259,000 after purchasing an additional 19,500 shares during the last quarter.

About Great Western Bancorp

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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Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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