Great Western Bancorp Inc. (NYSE:GWB) shares reached a new 52-week high during trading on Thursday . The company traded as high as $34.69 and last traded at $34.69, with a volume of 313,988 shares changing hands. The stock had previously closed at $33.87.

Several research analysts recently issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Great Western Bancorp in a research report on Sunday, March 20th. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Monday, May 2nd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Great Western Bancorp in a research report on Saturday, July 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.75.

The firm has a 50 day moving average of $32.47 and a 200-day moving average of $28.68. The firm has a market capitalization of $1.92 billion and a price-to-earnings ratio of 15.76.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. During the same quarter in the previous year, the business posted $0.34 earnings per share. The business earned $95.34 million during the quarter, compared to the consensus estimate of $96.20 million. The firm’s revenue was up 8.9% on a year-over-year basis. On average, analysts anticipate that Great Western Bancorp Inc. will post $2.24 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its stake in shares of Great Western Bancorp by 41.7% in the fourth quarter. GSA Capital Partners LLP now owns 37,101 shares of the company’s stock valued at $1,077,000 after buying an additional 10,918 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Great Western Bancorp during the fourth quarter valued at approximately $1,132,000. SECOR Capital Advisors LP purchased a new stake in shares of Great Western Bancorp during the fourth quarter valued at approximately $1,198,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Great Western Bancorp during the fourth quarter valued at approximately $1,546,000. Finally, Rhumbline Advisers increased its stake in shares of Great Western Bancorp by 3.2% in the fourth quarter. Rhumbline Advisers now owns 55,422 shares of the company’s stock valued at $1,608,000 after buying an additional 1,740 shares during the last quarter.

Great Western Bancorp, Inc is a bank holding company. The Company’s primary business is ownership of its subsidiary, Great Western Bank (the Bank). The Bank is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services.

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