Great Western Bancorp Inc (NYSE:GWB) Receives $37.00 Average PT from Brokerages

Shares of Great Western Bancorp Inc (NYSE:GWB) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $37.00.

A number of equities research analysts have recently issued reports on GWB shares. Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Raymond James began coverage on shares of Great Western Bancorp in a research report on Thursday, January 16th. They set a “market perform” rating for the company. TheStreet cut shares of Great Western Bancorp from a “b” rating to a “c+” rating in a research report on Monday, December 2nd. Stephens cut shares of Great Western Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a research report on Thursday, December 19th. Finally, ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th.

Shares of NYSE:GWB traded down $0.48 during trading on Friday, reaching $32.06. The company had a trading volume of 4,221 shares, compared to its average volume of 283,677. The company has a fifty day moving average of $34.54 and a two-hundred day moving average of $33.41. The stock has a market capitalization of $1.83 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 2.79 and a beta of 1.63. Great Western Bancorp has a 12 month low of $28.06 and a 12 month high of $38.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.10. Great Western Bancorp had a net margin of 27.73% and a return on equity of 9.01%. The firm had revenue of $121.73 million for the quarter, compared to analyst estimates of $123.57 million. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts predict that Great Western Bancorp will post 3.04 earnings per share for the current year.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 4,071 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $34.00, for a total transaction of $138,414.00. Following the completion of the sale, the chief financial officer now owns 25,890 shares of the company’s stock, valued at approximately $880,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Great Western Bancorp in the 4th quarter worth about $873,000. Janney Montgomery Scott LLC purchased a new stake in shares of Great Western Bancorp during the 4th quarter valued at about $482,000. First National Bank of Omaha boosted its holdings in shares of Great Western Bancorp by 8.1% during the 4th quarter. First National Bank of Omaha now owns 48,248 shares of the bank’s stock valued at $1,676,000 after acquiring an additional 3,604 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Great Western Bancorp by 4.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,160 shares of the bank’s stock valued at $770,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Great Western Bancorp during the 3rd quarter valued at about $7,546,000. 97.09% of the stock is owned by hedge funds and other institutional investors.

About Great Western Bancorp

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.

Further Reading: Cash Flow

Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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