ValuEngine upgraded shares of Great Western Bancorp (NYSE:GWB) from a hold rating to a buy rating in a research note published on Monday.

A number of other brokerages have also recently commented on GWB. B. Riley cut shares of Great Western Bancorp from a buy rating to a neutral rating and set a $44.00 target price on the stock. in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Great Western Bancorp from a sell rating to a hold rating in a research report on Thursday, August 24th. Piper Jaffray Companies reiterated a hold rating and issued a $40.00 target price on shares of Great Western Bancorp in a research report on Friday, October 27th. FBR & Co cut shares of Great Western Bancorp from a buy rating to a neutral rating and set a $44.00 target price on the stock. in a research report on Tuesday, October 31st. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $46.00 target price on shares of Great Western Bancorp in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $45.22.

Great Western Bancorp (GWB) traded up $0.42 during midday trading on Monday, hitting $41.49. 263,800 shares of the stock were exchanged, compared to its average volume of 295,772. Great Western Bancorp has a 52 week low of $33.27 and a 52 week high of $45.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $2,417.13, a P/E ratio of 16.69, a P/E/G ratio of 2.06 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $117.75 million. During the same period in the previous year, the firm posted $0.57 EPS. sell-side analysts predict that Great Western Bancorp will post 2.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, November 9th. Great Western Bancorp’s payout ratio is 32.52%.

In other Great Western Bancorp news, EVP Stephen John Ulenberg sold 5,397 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $40.22, for a total value of $217,067.34. Following the transaction, the executive vice president now owns 20,505 shares in the company, valued at $824,711.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bryan Leighton Kindopp sold 1,304 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $40.21, for a total transaction of $52,433.84. Following the completion of the transaction, the insider now owns 4,217 shares in the company, valued at approximately $169,565.57. The disclosure for this sale can be found here. Insiders sold 69,280 shares of company stock worth $2,829,831 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GWB. Aperio Group LLC increased its position in shares of Great Western Bancorp by 6.0% during the second quarter. Aperio Group LLC now owns 12,077 shares of the bank’s stock valued at $493,000 after buying an additional 682 shares during the period. Russell Investments Group Ltd. increased its position in shares of Great Western Bancorp by 46.7% during the second quarter. Russell Investments Group Ltd. now owns 157,812 shares of the bank’s stock valued at $6,440,000 after buying an additional 50,269 shares during the period. Strs Ohio increased its position in shares of Great Western Bancorp by 7.1% during the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Great Western Bancorp by 26.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,940 shares of the bank’s stock valued at $692,000 after buying an additional 3,530 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Great Western Bancorp by 3.5% during the second quarter. Great West Life Assurance Co. Can now owns 85,756 shares of the bank’s stock valued at $3,499,000 after buying an additional 2,930 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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