Deutsche Bank AG Raises Great Western Bancorp, Inc. (GWB) Price Target to $44.00

Great Western Bancorp, Inc. (NYSE:GWB) had its price target raised by Deutsche Bank AG from $43.00 to $44.00 in a research note issued to investors on Wednesday. The firm currently has a buy rating on the bank’s stock.

A number of other equities analysts also recently commented on GWB. Zacks Investment Research upgraded Great Western Bancorp from a sell rating to a hold rating in a report on Thursday, August 24th. ValuEngine downgraded Great Western Bancorp from a buy rating to a hold rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a buy rating and issued a $46.00 price objective on shares of Great Western Bancorp in a report on Thursday, September 28th. Piper Jaffray Companies restated a hold rating and issued a $40.00 price objective on shares of Great Western Bancorp in a report on Friday, October 27th. Finally, Royal Bank of Canada restated a buy rating and issued a $46.00 price objective on shares of Great Western Bancorp in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Great Western Bancorp presently has an average rating of Hold and an average price target of $45.22.

Shares of Great Western Bancorp (NYSE GWB) traded down $0.09 on Wednesday, hitting $38.28. The stock had a trading volume of 182,200 shares, compared to its average volume of 302,286. The firm has a market cap of $2,257.46, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.92 and a beta of 1.72. Great Western Bancorp has a one year low of $33.27 and a one year high of $45.62. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate of $117.75 million. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. During the same quarter in the prior year, the company earned $0.57 EPS. equities analysts predict that Great Western Bancorp will post 2.6 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.80 annualized dividend and a yield of 2.09%. Great Western Bancorp’s dividend payout ratio (DPR) is presently 32.52%.

In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 1,304 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total transaction of $52,433.84. Following the transaction, the insider now owns 4,217 shares in the company, valued at $169,565.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kenneth James Karels sold 12,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $39.66, for a total value of $475,920.00. Following the transaction, the chief executive officer now owns 62,130 shares in the company, valued at approximately $2,464,075.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,280 shares of company stock worth $2,829,831. Corporate insiders own 0.23% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GWB. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Great Western Bancorp by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock valued at $109,000 after purchasing an additional 223 shares during the last quarter. Flinton Capital Management LLC grew its holdings in Great Western Bancorp by 85.4% during the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock valued at $125,000 after purchasing an additional 1,408 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Great Western Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,945 shares of the bank’s stock valued at $161,000 after purchasing an additional 591 shares during the last quarter. Strs Ohio grew its holdings in 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 purchasing an additional 300 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in Great Western Bancorp by 85.8% during the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock valued at $197,000 after purchasing an additional 2,230 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.

Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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