Somewhat Positive Press Coverage Somewhat Unlikely to Affect Great Western Bancorp (GWB) Stock Price
Media stories about Great Western Bancorp (NYSE:GWB) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Great Western Bancorp earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.7600374862666 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several analysts recently weighed in on the company. BidaskClub upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada restated 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 upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Piper Jaffray Companies restated a “hold” rating and set a $41.00 price target on shares of Great Western Bancorp in a report on Thursday, August 3rd. Finally, Stephens set a $46.00 price target on Great Western Bancorp and gave the company a “buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.44.
Great Western Bancorp (NYSE GWB) opened at 38.57 on Friday. Great Western Bancorp has a 12 month low of $31.51 and a 12 month high of $45.62. The firm has a 50-day moving average price of $36.71 and a 200 day moving average price of $39.79. The company has a market cap of $2.27 billion, a P/E ratio of 16.15 and a beta of 1.71.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The business had revenue of $114.22 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Great Western Bancorp’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts predict that Great Western Bancorp will post $2.43 EPS for the current year.
About Great Western Bancorp
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.
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