Great Western Bancorp Inc. (NYSE:GWB) had its price target raised by analysts at Deutsche Bank AG from $38.00 to $39.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 16.21% from the company’s previous close.
GWB has been the subject of a number of other reports. JPMorgan Chase & Co. restated a “buy” rating on shares of Great Western Bancorp in a report on Saturday, July 9th. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Piper Jaffray Cos. initiated coverage on Great Western Bancorp in a report on Thursday, October 6th. They set a “neutral” rating and a $35.00 price target for the company. Credit Suisse Group AG reiterated a “sell” rating on shares of Great Western Bancorp in a report on Wednesday, August 24th. Finally, Keefe, Bruyette & Woods increased their price target on Great Western Bancorp from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.50.
Great Western Bancorp (NYSE:GWB) opened at 33.56 on Tuesday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.51 and a beta of 1.68. The stock has a 50 day moving average price of $33.18 and a 200 day moving average price of $32.03. Great Western Bancorp has a 52-week low of $22.68 and a 52-week high of $35.01.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate 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. Analysts anticipate that Great Western Bancorp will post $2.29 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in GWB. BlackRock Fund Advisors boosted its position in Great Western Bancorp by 277.2% in the second quarter. BlackRock Fund Advisors now owns 3,770,599 shares of the company’s stock worth $118,925,000 after buying an additional 2,770,994 shares during the period. Vanguard Group Inc. boosted its position in Great Western Bancorp by 27.8% in the second quarter. Vanguard Group Inc. now owns 6,140,248 shares of the company’s stock worth $193,664,000 after buying an additional 1,336,682 shares during the period. Artemis Investment Management LLP boosted its position in Great Western Bancorp by 184.7% in the second quarter. Artemis Investment Management LLP now owns 1,248,600 shares of the company’s stock worth $39,412,000 after buying an additional 810,000 shares during the period. Westwood Holdings Group Inc. boosted its position in Great Western Bancorp by 1,598.8% in the second quarter. Westwood Holdings Group Inc. now owns 804,314 shares of the company’s stock worth $25,368,000 after buying an additional 756,969 shares during the period. Finally, Mesirow Financial Investment Management Equity Management boosted its position in Great Western Bancorp by 457.6% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 715,275 shares of the company’s stock worth $22,559,000 after buying an additional 586,989 shares during the period.
About Great Western Bancorp
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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