Zacks Investment Research upgraded shares of Great Western Bancorp (NYSE:GWB) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Zacks.com reports. The firm currently has $23.00 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. “
GWB has been the subject of a number of other reports. BidaskClub upgraded shares of Great Western Bancorp from a hold rating to a buy rating in a research note on Friday, December 18th. Piper Sandler decreased their target price on shares of Great Western Bancorp from $14.00 to $13.00 and set a neutral rating for the company in a research note on Tuesday, September 29th. ValuEngine upgraded shares of Great Western Bancorp from a sell rating to a hold rating in a research note on Wednesday, November 11th. Finally, DA Davidson upgraded Great Western Bancorp from a neutral rating to a buy rating and set a $16.00 price objective for the company in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Great Western Bancorp currently has an average rating of Hold and a consensus target price of $18.33.
GWB stock opened at $23.21 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $19.16 and its two-hundred day moving average price is $15.18. Great Western Bancorp has a fifty-two week low of $10.86 and a fifty-two week high of $34.59. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -1.91 and a beta of 1.28.
Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Sunday, November 1st. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.20). Great Western Bancorp had a positive return on equity of 6.62% and a negative net margin of 137.93%. The company had revenue of $102.07 million during the quarter, compared to the consensus estimate of $123.57 million. Sell-side analysts forecast that Great Western Bancorp will post 1.57 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GWB. Versant Capital Management Inc boosted its holdings in shares of Great Western Bancorp by 263.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,331 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,689 shares during the last quarter. Institutional & Family Asset Management LLC boosted its holdings in shares of Great Western Bancorp by 32.9% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 3,335 shares of the bank’s stock valued at $42,000 after purchasing an additional 825 shares during the last quarter. Weld Capital Management LLC bought a new position in shares of Great Western Bancorp during the 3rd quarter valued at about $209,000. Cullen Capital Management LLC boosted its holdings in shares of Great Western Bancorp by 19.0% during the 3rd quarter. Cullen Capital Management LLC now owns 17,370 shares of the bank’s stock valued at $216,000 after purchasing an additional 2,775 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of Great Western Bancorp during the 2nd quarter valued at about $217,000. 78.37% of the stock is 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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