Great Western Bancorp Inc (GWB) Receives $46.50 Average Target Price from Brokerages

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Great Western Bancorp Inc (NYSE:GWB) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $46.50.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Friday, October 5th. ValuEngine downgraded shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Piper Jaffray Companies set a $37.00 price target on shares of Great Western Bancorp and gave the stock a “hold” rating in a research report on Friday, October 26th.

NYSE GWB opened at $33.18 on Friday. Great Western Bancorp has a 12 month low of $29.52 and a 12 month high of $46.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.27 and a beta of 1.63.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.06). Great Western Bancorp had a net margin of 28.43% and a return on equity of 9.51%. The company had revenue of $121.25 million for the quarter, compared to the consensus estimate of $125.89 million. On average, research analysts expect that Great Western Bancorp will post 3.14 EPS for the current fiscal year.

In related news, CFO Peter Robert Chapman sold 3,450 shares of Great Western Bancorp stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $33.98, for a total value of $117,231.00. Following the sale, the chief financial officer now directly owns 21,423 shares in the company, valued at approximately $727,953.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.33% of the company’s stock.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its stake in Great Western Bancorp by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 5,914,632 shares of the bank’s stock valued at $249,538,000 after buying an additional 94,404 shares during the period. Federated Investors Inc. PA increased its stake in Great Western Bancorp by 7,405.9% during the 3rd quarter. Federated Investors Inc. PA now owns 1,276 shares of the bank’s stock valued at $54,000 after buying an additional 1,259 shares during the period. Vanguard Group Inc. increased its stake in Great Western Bancorp by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,914,632 shares of the bank’s stock valued at $249,538,000 after buying an additional 94,404 shares during the period. Morgan Stanley increased its stake in Great Western Bancorp by 15.2% during the 3rd quarter. Morgan Stanley now owns 294,220 shares of the bank’s stock valued at $12,414,000 after buying an additional 38,770 shares during the period. Finally, Legal & General Group Plc increased its stake in Great Western Bancorp by 7.6% during the 3rd quarter. Legal & General Group Plc now owns 137,491 shares of the bank’s stock valued at $5,793,000 after buying an additional 9,689 shares during the period.

Great Western Bancorp Company Profile

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.

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Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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