The Great Western Bancorp Inc. (GWB) Price Target Raised to $39.00 at Deutsche Bank AG

The Great Western Bancorp Inc. (GWB) Price Target Raised to $39.00 at Deutsche Bank AG

Great Western Bancorp Inc. (NYSE:GWB) had its price objective increased by Deutsche Bank AG from $38.00 to $39.00 in a report released on Tuesday morning. They currently have a buy rating on the stock.

GWB has been the subject of several other reports. Credit Suisse Group AG reaffirmed a sell rating on shares of Great Western Bancorp in a report on Wednesday, August 24th. JPMorgan Chase & Co. upped their target price on Great Western Bancorp from $35.00 to $38.00 and gave the company an overweight rating in a report on Friday, July 29th. Piper Jaffray Cos. started coverage on Great Western Bancorp in a report on Thursday, October 6th. They set a neutral rating and a $35.00 target price for the company. Zacks Investment Research downgraded Great Western Bancorp from a buy rating to a hold rating in a report on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods upped their target price on Great Western Bancorp from $35.00 to $37.00 and gave the company an outperform rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $36.50.

Shares of Great Western Bancorp (NYSE:GWB) traded up 0.62% during mid-day trading on Tuesday, reaching $33.84. 68,961 shares of the company’s stock traded hands. Great Western Bancorp has a one year low of $22.68 and a one year high of $35.01. The firm’s 50-day moving average is $33.15 and its 200 day moving average is $32.02. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 15.64 and a beta of 1.68.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Virginia Retirement System purchased a new position in shares of Great Western Bancorp during the first quarter valued at $690,000. Teachers Advisors Inc. raised its position in shares of Great Western Bancorp by 16.6% in the first quarter. Teachers Advisors Inc. now owns 703,247 shares of the company’s stock valued at $19,178,000 after buying an additional 99,998 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Great Western Bancorp by 22.2% in the first quarter. Prudential Financial Inc. now owns 548,000 shares of the company’s stock valued at $14,944,000 after buying an additional 99,500 shares during the last quarter. BlackRock Group LTD raised its position in shares of Great Western Bancorp by 27.4% in the first quarter. BlackRock Group LTD now owns 85,316 shares of the company’s stock valued at $2,327,000 after buying an additional 18,352 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Great Western Bancorp by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,480,339 shares of the company’s stock valued at $40,369,000 after buying an additional 28,017 shares during the last quarter.

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