Brokerages Set Great Western Bancorp, Inc. (NYSE:GWB) Target Price at $27.00

Shares of Great Western Bancorp, Inc. (NYSE:GWB) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.80.

GWB has been the topic of a number of research analyst reports. Zacks Investment Research raised Great Western Bancorp from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, September 17th. Royal Bank of Canada cut Great Western Bancorp from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $35.00 to $33.00 in a research note on Friday, September 17th. Finally, DA Davidson cut Great Western Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $36.00 in a research note on Friday, September 17th.

A number of institutional investors have recently bought and sold shares of GWB. Sowell Financial Services LLC acquired a new position in shares of Great Western Bancorp during the first quarter valued at $25,000. Point72 Hong Kong Ltd acquired a new position in Great Western Bancorp in the first quarter valued at about $41,000. Captrust Financial Advisors lifted its stake in Great Western Bancorp by 1,240.0% in the first quarter. Captrust Financial Advisors now owns 1,340 shares of the bank’s stock valued at $41,000 after buying an additional 1,240 shares during the period. USA Financial Portformulas Corp acquired a new position in Great Western Bancorp in the second quarter valued at about $63,000. Finally, Hanseatic Management Services Inc. acquired a new position in Great Western Bancorp in the first quarter valued at about $60,000. 98.62% of the stock is currently owned by institutional investors.

NYSE:GWB traded down $0.06 during mid-day trading on Friday, reaching $30.83. 10,783 shares of the stock were exchanged, compared to its average volume of 372,283. The business has a fifty day moving average price of $30.55 and a 200 day moving average price of $31.86. The firm has a market capitalization of $1.70 billion, a PE ratio of 10.46 and a beta of 1.30. Great Western Bancorp has a 1-year low of $11.80 and a 1-year high of $35.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.

Great Western Bancorp (NYSE:GWB) last released its earnings results on Wednesday, July 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.31. The firm had revenue of $116.83 million for the quarter, compared to analyst estimates of $118.46 million. Great Western Bancorp had a return on equity of 14.49% and a net margin of 33.10%. On average, sell-side analysts forecast that Great Western Bancorp will post 3.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Friday, August 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 12th. This is a boost from Great Western Bancorp’s previous quarterly dividend of $0.01. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. Great Western Bancorp’s payout ratio is currently 12.50%.

About Great Western Bancorp

Great Western Bancorp, Inc operates as a bank holding company. The firm engages in the provision of relationship-based business and agri-business banking services. It also offers 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.

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