Great Western Bancorp, Inc. (GWB) Stock Rating Upgraded by Zacks Investment Research

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 reports. ValuEngine cut Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price target on shares of Great Western Bancorp in a research report on Tuesday, May 30th. BidaskClub upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Piper Jaffray Companies set a $40.00 price target on Great Western Bancorp and gave the company a “hold” rating in a research report on Monday, August 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $48.00 price target on shares of Great Western Bancorp in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.44.

Shares of Great Western Bancorp (NYSE:GWB) traded up 1.93% on Tuesday, reaching $35.99. The company’s stock had a trading volume of 249,430 shares. Great Western Bancorp has a 52-week low of $31.51 and a 52-week high of $45.62. The stock has a market cap of $2.11 billion, a P/E ratio of 15.07 and a beta of 1.71. The firm’s 50 day moving average is $37.22 and its 200-day moving average is $40.10.

Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $114.22 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts forecast that Great Western Bancorp will post $2.43 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of GWB. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Great Western Bancorp by 106.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock worth $104,000 after buying an additional 1,263 shares in the last quarter. Flinton Capital Management LLC grew its position in Great Western Bancorp by 85.4% during the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock worth $125,000 after buying an additional 1,408 shares in the last quarter. Victory Capital Management Inc. grew its position in Great Western Bancorp by 2.7% during the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after buying an additional 88 shares in the last quarter. Strs Ohio grew its position in Great Western Bancorp by 7.1% during the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after buying an additional 300 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its position in Great Western Bancorp by 85.8% during the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after buying an additional 2,230 shares in 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.

Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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