Piper Jaffray Companies Reiterates $36.00 Price Target for Great Western Bancorp (NYSE:GWB)

Piper Jaffray Companies set a $36.00 price target on Great Western Bancorp (NYSE:GWB) in a research note issued to investors on Friday, TipRanks reports. The brokerage currently has a hold rating on the bank’s stock. Piper Jaffray Companies also issued estimates for Great Western Bancorp’s Q4 2019 earnings at $0.82 EPS, FY2019 earnings at $2.86 EPS, Q1 2020 earnings at $0.85 EPS, Q2 2020 earnings at $0.78 EPS and Q4 2020 earnings at $0.82 EPS.

Several other research analysts also recently commented on the stock. DA Davidson reaffirmed a buy rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Zacks Investment Research raised shares of General Moly from a sell rating to a hold rating in a research report on Thursday, July 11th.

Shares of NYSE GWB traded up $0.31 during mid-day trading on Friday, hitting $32.89. The stock had a trading volume of 232,818 shares, compared to its average volume of 341,918. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.21. Great Western Bancorp has a 1 year low of $29.52 and a 1 year high of $44.60. The business’s 50 day moving average price is $34.18. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.43 and a beta of 1.66.

Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, April 25th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). Great Western Bancorp had a return on equity of 9.75% and a net margin of 30.31%. The firm had revenue of $121.70 million during the quarter, compared to analysts’ expectations of $121.78 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Great Western Bancorp will post 3.09 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. increased its position in Great Western Bancorp by 55.6% during the 1st quarter. Marshall Wace North America L.P. now owns 2,519 shares of the bank’s stock valued at $79,000 after purchasing an additional 900 shares during the period. Pearl River Capital LLC increased its position in Great Western Bancorp by 1,209.2% during the 1st quarter. Pearl River Capital LLC now owns 3,980 shares of the bank’s stock valued at $126,000 after purchasing an additional 3,676 shares during the period. Actinver Wealth Management Inc. purchased a new position in Great Western Bancorp during the 4th quarter valued at $303,000. Everence Capital Management Inc. purchased a new position in Great Western Bancorp during the 1st quarter valued at $251,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Great Western Bancorp during the 1st quarter valued at $263,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Great Western Bancorp Company Profile

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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