Piper Jaffray Cos. initiated coverage on shares of Great Western Bancorp Inc. (NYSE:GWB) in a report issued on Thursday. The firm issued a neutral rating and a $35.00 target price on the stock.

A number of other research analysts have also recently commented on GWB. JPMorgan Chase & Co. reissued a buy rating on shares of Great Western Bancorp in a research report on Saturday, July 9th. Deutsche Bank AG boosted their target price on shares of Great Western Bancorp from $36.00 to $38.00 and gave the stock a buy rating in a research report on Friday, July 29th. Zacks Investment Research cut shares of Great Western Bancorp from a buy rating to a sell rating in a research report on Wednesday, September 28th. Keefe, Bruyette & Woods lifted their price target on shares of Great Western Bancorp from $35.00 to $37.00 and gave the stock an outperform rating in a research note on Friday, July 29th. Finally, Credit Suisse Group AG restated a sell rating on shares of Great Western Bancorp in a research note on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Great Western Bancorp presently has an average rating of Hold and a consensus price target of $36.33.

Shares of Great Western Bancorp (NYSE:GWB) traded down 1.72% during mid-day trading on Thursday, reaching $33.68. 157,645 shares of the company were exchanged. The company’s 50-day moving average is $33.02 and its 200 day moving average is $31.85. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 15.56 and a beta of 1.68. Great Western Bancorp has a 12 month low of $22.68 and a 12 month high of $35.01.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Great Western Bancorp had a net margin of 29.00% and a return on equity of 8.54%. During the same quarter in the previous year, the company earned $0.50 EPS. Analysts predict that Great Western Bancorp will post $2.29 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in Great Western Bancorp by 277.2% in the second quarter. BlackRock Fund Advisors now owns 3,770,599 shares of the company’s stock worth $118,925,000 after buying an additional 2,770,994 shares during the last quarter. Vanguard Group Inc. raised its stake in Great Western Bancorp by 27.8% in the second quarter. Vanguard Group Inc. now owns 6,140,248 shares of the company’s stock valued at $193,664,000 after buying an additional 1,336,682 shares in the last quarter. Artemis Investment Management LLP raised its stake in Great Western Bancorp by 184.7% in the second quarter. Artemis Investment Management LLP now owns 1,248,600 shares of the company’s stock valued at $39,412,000 after buying an additional 810,000 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Great Western Bancorp by 1,598.8% in the second quarter. Westwood Holdings Group Inc. now owns 804,314 shares of the company’s stock valued at $25,368,000 after buying an additional 756,969 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management raised its stake in Great Western Bancorp by 457.6% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 715,275 shares of the company’s stock valued at $22,559,000 after buying an additional 586,989 shares in the last quarter.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc is a bank holding company. The Company’s primary business is the ownership of its subsidiary, Great Western Bank (the Bank), which is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services.

5 Day Chart for NYSE:GWB

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