Zacks Investment Research upgraded shares of Great Western Bancorp, Inc. (NYSE:GWB) from a sell rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Great Western Bancorp Inc. is a full-service regional bank holding company. It focuses on business and agribusiness banking, complemented by retail banking and wealth management services. The Bank’s loan portfolio consists primarily of business loans, comprised of commercial and industrial, and agribusiness loans. It also provides a range of deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers. The Bank provides wealth management solutions consisting of financial planning, private banking, investment management, and trust services. Great Western Bancorp, Inc. is headquartered in Sioux Falls, South Dakota. “

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Great Western Bancorp from a sell rating to a hold rating in a research report on Saturday, June 10th. Royal Bank Of Canada reissued a buy rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Friday, July 28th. Stephens set a $46.00 target price on shares of Great Western Bancorp and gave the stock a buy rating in a research report on Friday, July 28th. TheStreet downgraded Great Western Bancorp from a b rating to a c rating in a research report on Thursday, September 7th. Finally, Piper Jaffray Companies reaffirmed a hold rating and issued a $41.00 price target on shares of Great Western Bancorp in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $45.44.

Shares of Great Western Bancorp (NYSE:GWB) traded up 0.28% during midday trading on Tuesday, hitting $36.15. The stock had a trading volume of 821,128 shares. The firm has a 50-day moving average price of $36.78 and a 200-day moving average price of $39.95. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 15.14 and a beta of 1.71. Great Western Bancorp has a 1-year low of $31.51 and a 1-year high of $45.62.

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 Thomson Reuters’ consensus estimate of $0.62 by ($0.03). The business had revenue of $114.22 million for the quarter, compared to analyst estimates of $117.10 million. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. On average, equities analysts anticipate that Great Western Bancorp will post $2.43 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, August 9th. Great Western Bancorp’s dividend payout ratio is currently 33.47%.

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Great Western Bancorp by 49,025.7% in the first quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after purchasing an additional 7,189,614 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Great Western Bancorp by 13.4% in the second quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock valued at $134,895,000 after purchasing an additional 389,922 shares during the last quarter. State Street Corp grew its position 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 valued at $110,148,000 after purchasing an additional 259,443 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Great Western Bancorp by 28.0% in the second quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock valued at $105,490,000 after purchasing an additional 565,508 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position 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 valued at $99,807,000 after purchasing an additional 147,426 shares during the last quarter.

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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