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

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. “

Other research analysts have also issued reports about the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $46.00 target price on shares of Great Western Bancorp in a research report on Friday, July 28th. ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. B. Riley FBR, Inc. lowered Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Wednesday. TheStreet lowered Great Western Bancorp from a “b” rating to a “c” rating in a research report on Thursday, September 7th. Finally, Stephens set a $46.00 target price on Great Western Bancorp and gave the stock a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.38.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The business had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $117.75 million. During the same quarter last year, the firm earned $0.57 earnings per share.

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In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 1,304 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total value of $52,433.84. Following the transaction, the insider now directly owns 4,217 shares of the company’s stock, valued at $169,565.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kenneth James Karels sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $39.66, for a total value of $475,920.00. Following the completion of the transaction, the chief executive officer now directly owns 62,130 shares in the company, valued at $2,464,075.80. The disclosure for this sale can be found here. Insiders sold a total of 69,280 shares of company stock worth $2,829,831 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GWB. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Great Western Bancorp by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock valued at $109,000 after purchasing an additional 223 shares during the period. Flinton Capital Management LLC raised its position in Great Western Bancorp by 85.4% in the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock valued at $125,000 after purchasing an additional 1,408 shares during the period. Victory Capital Management Inc. raised its position in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock valued at $142,000 after purchasing an additional 88 shares during the period. Strs Ohio raised its position in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after purchasing an additional 300 shares during the period. Finally, Riverhead Capital Management LLC raised its position in Great Western Bancorp by 85.8% in the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock valued at $197,000 after purchasing an additional 2,230 shares during the period.

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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Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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