Analysts Set Great Western Bancorp Inc (NYSE:GWB) Price Target at $37.00

Great Western Bancorp Inc (NYSE:GWB) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $37.00.

Several research analysts have commented on GWB shares. ValuEngine upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $38.00 price objective on shares of Great Western Bancorp and gave the stock a “buy” rating in a report on Friday, July 26th. Zacks Investment Research lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies set a $36.00 target price on shares of Great Western Bancorp and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, TheStreet downgraded shares of Great Western Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd.

NYSE:GWB opened at $33.90 on Wednesday. The company has a fifty day moving average of $32.32 and a 200 day moving average of $32.98. Great Western Bancorp has a 52 week low of $28.06 and a 52 week high of $39.94. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.93 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.92 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.32). Great Western Bancorp had a net margin of 26.81% and a return on equity of 8.63%. The firm had revenue of $116.40 million for the quarter, compared to the consensus estimate of $120.91 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. As a group, analysts anticipate that Great Western Bancorp will post 2.82 EPS for the current year.

In other Great Western Bancorp news, Director Thomas Edward Henning bought 2,000 shares of Great Western Bancorp stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $28.92 per share, with a total value of $57,840.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. FTB Advisors Inc. lifted its stake in Great Western Bancorp by 50.3% during the 2nd quarter. FTB Advisors Inc. now owns 1,160 shares of the bank’s stock valued at $41,000 after acquiring an additional 388 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Great Western Bancorp by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,733 shares of the bank’s stock valued at $812,000 after acquiring an additional 400 shares during the period. Arizona State Retirement System lifted its stake in Great Western Bancorp by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 88,325 shares of the bank’s stock valued at $3,155,000 after acquiring an additional 490 shares during the period. Jennison Associates LLC lifted its stake in Great Western Bancorp by 0.9% during the 2nd quarter. Jennison Associates LLC now owns 52,189 shares of the bank’s stock valued at $1,864,000 after acquiring an additional 490 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Great Western Bancorp by 1.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 62,290 shares of the bank’s stock valued at $2,225,000 after acquiring an additional 640 shares during the period. 99.44% of the stock is currently owned by hedge funds and other institutional investors.

About Great Western Bancorp

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.

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