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

Zacks Investment Research upgraded shares of Great Western Bancorp (NYSE:GWB) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $46.00 target price on the bank’s stock.

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. “

Several other analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reissued a buy rating and issued a $47.00 price objective on shares of Great Western Bancorp in a research note on Thursday, December 21st. ValuEngine raised shares of Great Western Bancorp from a hold rating to a buy rating in a research report on Monday, December 4th. Deutsche Bank raised their target price on shares of Great Western Bancorp from $43.00 to $44.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. B. Riley lowered shares of Great Western Bancorp from a buy rating to a neutral rating and set a $44.00 target price on the stock. in a research report on Wednesday, November 1st. Finally, FBR & Co lowered shares of Great Western Bancorp from a buy rating to a neutral rating and set a $44.00 target price on the stock. in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Great Western Bancorp has a consensus rating of Hold and a consensus target price of $45.40.

Shares of Great Western Bancorp (NYSE:GWB) traded up $0.25 during trading hours on Tuesday, hitting $41.55. 226,568 shares of the company were exchanged, compared to its average volume of 269,314. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. Great Western Bancorp has a 1 year low of $33.27 and a 1 year high of $45.62. The company has a market cap of $2,398.88, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.05 and a beta of 1.69.

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

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 2,265 shares of Great Western Bancorp stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $40.57, for a total value of $91,891.05. Following the transaction, the chief financial officer now directly owns 16,964 shares of the company’s stock, valued at $688,229.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth James Karels sold 2,633 shares of Great Western Bancorp stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $41.18, for a total transaction of $108,426.94. Following the completion of the transaction, the insider now directly owns 68,335 shares in the company, valued at $2,814,035.30. The disclosure for this sale can be found here. Insiders sold 43,482 shares of company stock worth $1,798,042 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Great Western Bancorp by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock worth $109,000 after buying an additional 223 shares during the period. Flinton Capital Management LLC lifted its stake in shares of Great Western Bancorp by 85.4% during the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock worth $125,000 after buying an additional 1,408 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Great Western Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,945 shares of the bank’s stock worth $161,000 after buying an additional 591 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Great Western Bancorp by 85.8% during the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after buying an additional 2,230 shares during the period. Finally, Shelton Capital Management acquired a new position in Great Western Bancorp during the second quarter valued at $238,000.

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Great Western Bancorp Company Profile

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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