Great Western Bancorp (GWB) Rating Increased to Buy at Zacks Investment Research

Great Western Bancorp (NYSE:GWB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $45.00 target price on the bank’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.25% from the stock’s current price.

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. “

A number of other brokerages have also recently issued reports on GWB. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 target price on shares of Great Western Bancorp in a report on Friday, October 27th. ValuEngine raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Monday, December 4th. FBR & Co cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price target on shares of Great Western Bancorp in a report on Thursday, December 21st. Finally, B. Riley cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $45.30.

Shares of Great Western Bancorp (GWB) traded up $0.30 during mid-day trading on Wednesday, hitting $40.09. 286,500 shares of the stock were exchanged, compared to its average volume of 239,300. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $2,341.79, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.00 and a beta of 1.69. Great Western Bancorp has a 12 month low of $33.27 and a 12 month high of $45.62.

Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $117.75 million. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. During the same period in the prior year, the firm earned $0.57 EPS. research analysts anticipate that Great Western Bancorp will post 2.59 EPS for the current fiscal year.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 2,265 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $40.57, for a total transaction of $91,891.05. Following the transaction, the chief financial officer now owns 16,964 shares in the company, valued at approximately $688,229.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.80, for a total transaction of $125,400.00. Following the transaction, the executive vice president now owns 14,136 shares in the company, valued at approximately $590,884.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,838 shares of company stock worth $1,894,520. Company insiders own 0.23% of the company’s stock.

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Great Western Bancorp by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock worth $109,000 after purchasing an additional 223 shares in the last quarter. Flinton Capital Management LLC grew its position in shares of Great Western Bancorp by 85.4% during the 2nd quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock worth $125,000 after purchasing an additional 1,408 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Great Western Bancorp by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,945 shares of the bank’s stock worth $161,000 after purchasing an additional 591 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of Great Western Bancorp by 85.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after purchasing an additional 2,230 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in shares of Great Western Bancorp during the 2nd quarter worth approximately $238,000.

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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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