The stock of Great Western Bancorp Inc (NYSE:GWB) reached all time high today, Nov, 14 and still has $58.74 target or 54.00% above today’s $38.14 share price. This indicates more upside for the $2.41B company. This technical setup was reported by Barchart.com. If the $58.74 PT is reached, the company will be worth $1.30 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 310,236 shares traded hands or 3.85% up from the average. Great Western Bancorp Inc (NYSE:GWB) has risen 31.93% since April 12, 2016 and is uptrending. It has outperformed by 26.95% the S&P500.
Great Western Bancorp Inc (NYSE:GWB) Ratings Coverage
Out of 6 analysts covering Great Western (NYSE:GWB), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Great Western has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Buy” rating in Friday, October 30 report. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 30. The firm has “Outperform” rating given on Friday, November 13 by RBC Capital Markets. The rating was maintained by Beaufort Securities on Monday, September 14 with “Speculative Buy”. On Thursday, October 6 the stock rating was initiated by PiperJaffray with “Neutral”. Piper Jaffray initiated the stock with “Neutral” rating in Thursday, October 6 report.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.52, from 1.67 in 2016Q1. The ratio turned negative, as 22 funds sold all Great Western Bancorp Inc shares owned while 70 reduced positions. 40 funds bought stakes while 66 increased positions. They now own 60.44 million shares or 1.41% less from 61.30 million shares in 2016Q1.
Pinebridge Invs Ltd Partnership has 7,443 shares for 0.01% of their US portfolio. Eagle Boston Inv Management owns 227,347 shares or 0.97% of their US portfolio. Swiss State Bank owns 95,700 shares or 0% of their US portfolio. Tiaa Cref Invest Llc accumulated 265,113 shares or 0.01% of the stock. Moreover, Hanseatic Management Svcs has 0.01% invested in Great Western Bancorp Inc (NYSE:GWB) for 447 shares. Denver Inv Advisors Ltd Limited Liability Company owns 413,115 shares or 0.59% of their US portfolio. Ls Inv Advsr Limited accumulated 0% or 2,117 shares. Fisher Asset Mgmt accumulated 139,616 shares or 0.01% of the stock. Numeric Ltd Liability Co holds 387,870 shares or 0.11% of its portfolio. Lazard Asset Mgmt Ltd accumulated 485,691 shares or 0.04% of the stock. Moreover, Ig Inv has 0.01% invested in Great Western Bancorp Inc (NYSE:GWB) for 40,217 shares. Smith Asset Management Gp Limited Partnership reported 762 shares or 0% of all its holdings. Blackrock Grp reported 129,962 shares or 0% of all its holdings. Ladenburg Thalmann Ser, a Florida-based fund reported 1,929 shares. The Virginia-based Fj Cap Mngmt Ltd has invested 0.12% in Great Western Bancorp Inc (NYSE:GWB).
More notable recent Great Western Bancorp Inc (NYSE:GWB) news were published by: Businesswire.com which released: “Great Western Bancorp, Inc. to Present at Bank of America Merrill Lynch Future …” on November 09, 2016, also Businesswire.com with their article: “Great Western Bancorp, Inc. Appoints James A. Israel as Director” published on October 25, 2016, Businesswire.com published: “Great Western Bancorp, Inc. and HF Financial Corp. Announce Definitive Merger …” on November 30, 2015. More interesting news about Great Western Bancorp Inc (NYSE:GWB) were released by: Nasdaq.com and their article: “Great Western Bancorp, Inc. (GWB) Ex-Dividend Date Scheduled for November 08, 2016” published on November 07, 2016 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Great Western Bancorp, CIT Group and Macerich” with publication date: November 04, 2016.
GWB Company Profile
Great Western Bancorp, Inc., incorporated on July 2, 2014, is a bank holding company. The Company’s primary business is the ownership of its subsidiary, Great Western Bank (the Bank). The Bank is a regional bank focused on relationship business and agribusiness banking. It also focuses on retail banking and wealth management services. The Bank serves its clients through approximately 178 branches in over nine states, including North Dakota, Minnesota, South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri.
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