Shares of Great Western Bancorp, Inc. (NYSE:GWB) have been given an average recommendation of “Buy” by the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $46.14.

Several equities research analysts recently weighed in on GWB shares. BidaskClub raised Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 price target on shares of Great Western Bancorp in a report on Friday, July 7th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Piper Jaffray Companies set a $42.00 price target on Great Western Bancorp and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Stephens set a $46.00 price target on Great Western Bancorp and gave the stock a “buy” rating in a report on Friday, July 28th.

Shares of Great Western Bancorp (GWB) traded up 0.39% during mid-day trading on Wednesday, reaching $41.59. 184,257 shares of the company’s stock traded hands. The firm’s 50-day moving average is $38.64 and its 200 day moving average is $39.36. Great Western Bancorp has a one year low of $31.51 and a one year high of $45.62. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 17.42 and a beta of 1.75.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The company had revenue of $114.22 million for the quarter, compared to analyst estimates of $117.10 million. During the same period in the prior year, the business earned $0.59 earnings per share. Great Western Bancorp’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts predict that Great Western Bancorp will post $2.43 earnings per share for the current year.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 7,006 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total value of $281,781.32. Following the completion of the sale, the chief financial officer now owns 24,545 shares of the company’s stock, valued at $987,199.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bryan Leighton Kindopp sold 2,356 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $40.95, for a total value of $96,478.20. The disclosure for this sale can be found here. In the last three months, insiders sold 28,320 shares of company stock valued at $1,134,205. 0.23% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in GWB. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Great Western Bancorp by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock valued at $109,000 after acquiring an additional 223 shares during the period. Flinton Capital Management LLC lifted its holdings in Great Western Bancorp by 85.4% in the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock valued at $125,000 after acquiring an additional 1,408 shares during the period. Victory Capital Management Inc. lifted its holdings in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock valued at $142,000 after acquiring an additional 88 shares during the period. Strs Ohio lifted its holdings in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after acquiring an additional 300 shares during the period. Finally, Riverhead Capital Management LLC lifted its holdings in Great Western Bancorp by 85.8% in the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock valued at $197,000 after acquiring an additional 2,230 shares during the period.

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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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