Great Western Bancorp, Inc. (NYSE:GWB) has received an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $44.86.
GWB has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, March 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Monday, April 3rd. FBR & Co initiated coverage on shares of Great Western Bancorp in a research report on Tuesday, April 11th. They set an “outperform” rating and a $48.00 target price on the stock. DA Davidson reissued a “buy” rating and set a $50.00 target price on shares of Great Western Bancorp in a research report on Wednesday, April 12th. Finally, J P Morgan Chase & Co downgraded shares of Great Western Bancorp from an “overweight” rating to a “neutral” rating and cut their target price for the company from $48.00 to $47.00 in a research report on Friday, April 28th.
Great Western Bancorp (NYSE GWB) opened at 39.91 on Tuesday. Great Western Bancorp has a 52 week low of $31.51 and a 52 week high of $45.62. The company has a market capitalization of $2.35 billion, a P/E ratio of 17.64 and a beta of 1.73. The company’s 50-day moving average price is $39.11 and its 200-day moving average price is $41.80.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, April 27th. The bank reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $111.23 million for the quarter, compared to analysts’ expectations of $116.90 million. Great Western Bancorp had a net margin of 27.72% and a return on equity of 8.48%. During the same period last year, the business posted $0.55 EPS. On average, equities analysts forecast that Great Western Bancorp will post $2.49 EPS for the current fiscal year.
In other news, insider Bryan Leighton Kindopp sold 766 shares of Great Western Bancorp stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the transaction, the insider now owns 300 shares of the company’s stock, valued at approximately $12,285. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Great Western Bancorp by 49,025.7% in the first quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after buying an additional 7,189,614 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Great Western Bancorp by 162.4% in the first quarter. Bank of New York Mellon Corp now owns 2,019,379 shares of the bank’s stock valued at $85,642,000 after buying an additional 1,249,865 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Great Western Bancorp by 99.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,541,399 shares of the bank’s stock valued at $67,190,000 after buying an additional 767,567 shares in the last quarter. Norges Bank bought a new stake in Great Western Bancorp during the fourth quarter valued at $25,923,000. Finally, Dimensional Fund Advisors LP increased its stake in Great Western Bancorp by 45.8% in the first quarter. Dimensional Fund Advisors LP now owns 996,015 shares of the bank’s stock valued at $42,241,000 after buying an additional 312,833 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.
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