Keefe, Bruyette & Woods Reaffirms Buy Rating for Great Western Bancorp (NYSE:GWB)

Keefe, Bruyette & Woods reiterated their buy rating on shares of Great Western Bancorp (NYSE:GWB) in a research report released on Thursday, December 21st. They currently have a $47.00 target price on the bank’s stock.

Other analysts also recently issued research reports about the company. ValuEngine upgraded Great Western Bancorp from a hold rating to a buy rating in a research report on Wednesday, September 27th. Deutsche Bank boosted their price objective on Great Western Bancorp from $43.00 to $44.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Royal Bank of Canada restated a buy rating and set a $46.00 target price on shares of Great Western Bancorp in a report on Friday, September 8th. TheStreet downgraded Great Western Bancorp from a b rating to a c rating in a report on Thursday, September 7th. Finally, Piper Jaffray Companies restated a hold rating and set a $40.00 target price on shares of Great Western Bancorp in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $45.40.

Shares of Great Western Bancorp (GWB) opened at $42.98 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. Great Western Bancorp has a 12-month low of $33.27 and a 12-month high of $45.62. The firm has a market capitalization of $2,531.35, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The firm had revenue of $116.50 million during the quarter, compared to the consensus estimate of $117.75 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. equities research analysts forecast that Great Western Bancorp will post 2.81 EPS for the current fiscal year.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 2,265 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $40.57, for a total value of $91,891.05. Following the completion of the transaction, the chief financial officer now owns 16,964 shares in the company, valued at $688,229.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.80, for a total value of $125,400.00. Following the completion of the transaction, the executive vice president now owns 14,136 shares of the company’s stock, valued at approximately $590,884.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,482 shares of company stock valued at $1,798,042. 0.23% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. raised its holdings in Great Western Bancorp by 8.1% in the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock worth $147,562,000 after purchasing an additional 269,230 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Great Western Bancorp by 17.8% in the third quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock worth $125,698,000 after acquiring an additional 460,107 shares during the last quarter. State Street Corp grew its stake in shares of Great Western Bancorp by 10.6% in the second quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock worth $110,148,000 after acquiring an additional 259,443 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Great Western Bancorp by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock worth $99,807,000 after acquiring an additional 147,426 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of Great Western Bancorp by 13.3% in the second quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock worth $73,157,000 after acquiring an additional 210,971 shares during the last quarter.

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Great Western Bancorp Company Profile

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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