Great Western Bancorp (GWB) Receives $46.50 Consensus PT from Analysts

Great Western Bancorp (NYSE:GWB) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $46.11.

A number of research analysts recently issued reports on GWB shares. ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 27th. Stephens reiterated a “buy” rating and issued a $49.00 price target on shares of Great Western Bancorp in a research note on Friday, January 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $50.00 price target on shares of Great Western Bancorp in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $51.00 price target on shares of Great Western Bancorp in a research note on Thursday, January 25th.

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Shares of GWB stock traded up $0.39 during trading on Wednesday, reaching $39.92. The company’s stock had a trading volume of 139,110 shares, compared to its average volume of 254,218. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $2,328.17, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.19 and a beta of 1.57. Great Western Bancorp has a 1-year low of $33.27 and a 1-year high of $45.62.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. The firm had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $118.85 million. Great Western Bancorp had a net margin of 27.04% and a return on equity of 8.66%. During the same quarter in the previous year, the business posted $0.63 earnings per share. research analysts forecast that Great Western Bancorp will post 2.91 EPS for the current fiscal year.

In other news, insider Kenneth James Karels sold 1,510 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $45.00, for a total transaction of $67,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen John Ulenberg sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $41.81, for a total transaction of $125,430.00. Following the sale, the executive vice president now owns 12,736 shares of the company’s stock, valued at approximately $532,492.16. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of GWB. American International Group Inc. lifted its position in shares of Great Western Bancorp by 5.8% during the 3rd quarter. American International Group Inc. now owns 46,840 shares of the bank’s stock worth $1,934,000 after buying an additional 2,553 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Great Western Bancorp by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 116,153 shares of the bank’s stock worth $4,796,000 after buying an additional 2,383 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Great Western Bancorp by 5.7% during the 3rd quarter. Wells Fargo & Company MN now owns 298,790 shares of the bank’s stock worth $12,334,000 after buying an additional 16,023 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Great Western Bancorp by 3.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 318,480 shares of the bank’s stock worth $13,147,000 after buying an additional 11,298 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Great Western Bancorp by 23.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,618,372 shares of the bank’s stock worth $66,805,000 after buying an additional 302,290 shares during the last quarter.

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About Great Western Bancorp

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.

Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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