Deutsche Bank AG Raises Great Western Bancorp Inc. (GWB) Price Target to $39.00
GWB has been the topic of a number of other research reports. JPMorgan Chase & Co. restated a buy rating on shares of Great Western Bancorp in a research report on Saturday, July 9th. Zacks Investment Research downgraded Great Western Bancorp from a hold rating to a sell rating in a research report on Friday, July 15th. Piper Jaffray Cos. began coverage on Great Western Bancorp in a report on Thursday, October 6th. They issued a neutral rating and a $35.00 price objective on the stock. Credit Suisse Group AG reiterated a sell rating on shares of Great Western Bancorp in a report on Wednesday, August 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on Great Western Bancorp from $35.00 to $37.00 and gave the company an outperform rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $36.50.
Shares of Great Western Bancorp (NYSE:GWB) opened at 32.63 on Tuesday. Great Western Bancorp has a 12 month low of $22.68 and a 12 month high of $35.01. The company has a market cap of $1.92 billion, a P/E ratio of 15.08 and a beta of 1.68. The company’s 50-day moving average price is $33.18 and its 200-day moving average price is $32.04.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.05. Great Western Bancorp had a return on equity of 8.54% and a net margin of 29.00%. During the same period in the prior year, the company earned $0.50 EPS. Equities analysts forecast that Great Western Bancorp will post $2.29 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Great Western Bancorp by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,196 shares of the company’s stock valued at $101,000 after buying an additional 1,395 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Great Western Bancorp by 0.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 3,331 shares of the company’s stock valued at $105,000 after buying an additional 17 shares during the last quarter. Sei Investments Co. bought a new position in Great Western Bancorp during the second quarter valued at approximately $122,000. Public Employees Retirement System of Ohio boosted its position in Great Western Bancorp by 86.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,421 shares of the company’s stock valued at $139,000 after buying an additional 2,051 shares during the last quarter. Finally, Amalgamated Bank bought a new position in Great Western Bancorp during the second quarter valued at approximately $231,000.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc is a bank holding company. The Company’s primary business is the ownership of its subsidiary, Great Western Bank (the Bank), which 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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