Great Western Bancorp, Inc. (NYSE:GWB)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday. They currently have a $46.00 price target on the bank’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 32.49% from the stock’s current price.

Several other brokerages have also recently weighed in on GWB. Zacks Investment Research raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price target on shares of Great Western Bancorp in a research report on Tuesday, May 30th. Stephens set a $46.00 price target on shares of Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Piper Jaffray Companies set a $40.00 price target on shares of Great Western Bancorp and gave the company a “hold” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.44.

Shares of Great Western Bancorp (NYSE:GWB) opened at 34.72 on Friday. The stock has a 50 day moving average of $37.35 and a 200 day moving average of $40.19. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 14.54 and a beta of 1.71. Great Western Bancorp has a 12-month low of $31.51 and a 12-month high of $45.62.

Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $114.22 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the previous year, the company earned $0.59 EPS. Great Western Bancorp’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Great Western Bancorp will post $2.43 earnings per share for the current fiscal year.

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In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 766 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the transaction, the insider now owns 300 shares of the company’s stock, valued at $12,285. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of GWB. Nisa Investment Advisors LLC lifted its position in Great Western Bancorp by 5.4% in the first quarter. Nisa Investment Advisors LLC now owns 9,700 shares of the bank’s stock valued at $411,000 after buying an additional 500 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Great Western Bancorp by 86.0% in the first quarter. Russell Investments Group Ltd. now owns 107,543 shares of the bank’s stock valued at $4,561,000 after buying an additional 49,723 shares during the last quarter. Wells Fargo & Company MN lifted its position in Great Western Bancorp by 10.4% in the first quarter. Wells Fargo & Company MN now owns 254,223 shares of the bank’s stock valued at $10,782,000 after buying an additional 23,905 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Great Western Bancorp by 6.2% in the first quarter. Great West Life Assurance Co. Can now owns 82,826 shares of the bank’s stock valued at $3,511,000 after buying an additional 4,837 shares during the last quarter. Finally, LSV Asset Management lifted its position in Great Western Bancorp by 191.2% in the first quarter. LSV Asset Management now owns 29,700 shares of the bank’s stock valued at $1,259,000 after buying an additional 19,500 shares during the last quarter.

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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