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 research analysts have also recently issued reports on the company. Deutsche Bank AG upped their price target on Great Western Bancorp from $36.00 to $38.00 and gave the company a buy rating in a report on Friday, July 29th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Great Western Bancorp in a report on Saturday, July 9th. Keefe, Bruyette & Woods upped their price target on Great Western Bancorp from $35.00 to $37.00 and gave the company an outperform rating in a report on Friday, July 29th. Finally, Credit Suisse Group AG reaffirmed a sell rating on shares of Great Western Bancorp in a report on Wednesday, August 24th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $36.60.
Great Western Bancorp (NYSE:GWB) opened at 33.32 on Wednesday. Great Western Bancorp has a one year low of $22.68 and a one year high of $35.01. The company has a 50-day moving average price of $32.89 and a 200-day moving average price of $31.67. The firm has a market cap of $1.96 billion, a PE ratio of 15.40 and a beta of 1.68.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.50 earnings per share. Equities analysts predict that Great Western Bancorp will post $2.29 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Great Western Bancorp by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,196 shares of the company’s stock worth $101,000 after buying an additional 1,395 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Great Western Bancorp by 0.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 3,331 shares of the company’s stock worth $105,000 after buying an additional 17 shares during the period. Sei Investments Co. purchased a new stake in Great Western Bancorp during the second quarter worth about $122,000. Public Employees Retirement System of Ohio boosted its stake in Great Western Bancorp by 86.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,421 shares of the company’s stock worth $139,000 after buying an additional 2,051 shares during the period. Finally, Amalgamated Bank purchased a new stake in Great Western Bancorp during the second quarter worth about $231,000.
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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