Exclusive: Does Great Western Bancorp Inc Have More Gas After Achieving 52-Week High?

Exclusive: Does Great Western Bancorp Inc Have More Gas After Achieving 52 Week High?

The stock of Great Western Bancorp Inc (NYSE:GWB) hit a new 52-week high and has $42.77 target or 6.00% above today’s $40.35 share price. The 8 months bullish chart indicates low risk for the $2.44 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $42.77 price target is reached, the company will be worth $146.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 324,653 shares traded hands. Great Western Bancorp Inc (NYSE:GWB) has risen 28.58% since April 28, 2016 and is uptrending. It has outperformed by 22.65% the S&P500.

Analysts await Great Western Bancorp Inc (NYSE:GWB) to report earnings on January, 25. They expect $0.61 EPS, up 8.93% or $0.05 from last year’s $0.56 per share. GWB’s profit will be $36.89 million for 16.54 P/E if the $0.61 EPS becomes a reality. After $0.60 actual EPS reported by Great Western Bancorp Inc for the previous quarter, Wall Street now forecasts 1.67% EPS growth.

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. On Thursday, October 6 the stock rating was initiated by PiperJaffray with “Neutral”. Piper Jaffray initiated Great Western Bancorp Inc (NYSE:GWB) on Thursday, October 6 with “Neutral” rating. Deutsche Bank maintained Great Western Bancorp Inc (NYSE:GWB) rating on Friday, October 30. Deutsche Bank has “Buy” rating and $32 price target. The stock of Great Western Bancorp Inc (NYSE:GWB) earned “Speculative Buy” rating by Beaufort Securities on Monday, September 14. The firm earned “Outperform” rating on Friday, November 13 by RBC Capital Markets. On Friday, October 30 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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 0.81 in Q2 2016. Its down 0.34, from 1.15 in 2016Q1. The ratio is 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.
Bank & Trust Of Mellon Corp has invested 0.01% of its portfolio in Great Western Bancorp Inc (NYSE:GWB). Cubist Systematic Strategies Lc last reported 6,916 shares in the company. Gsa Capital Prns Llp holds 0.05% or 26,647 shares in its portfolio. Comerica Fincl Bank reported 104,143 shares or 0.03% of all its holdings. Moreover, Millennium Management has 0.03% invested in Great Western Bancorp Inc (NYSE:GWB) for 415,126 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt holds 42,505 shares or 0.02% of its portfolio. Nationwide Fund, a Pennsylvania-based fund reported 134,125 shares. Jpmorgan Chase And has 0.02% invested in the company for 2.34M shares. Envestnet Asset, a Illinois-based fund reported 4,389 shares. Commercial Bank Of Montreal Can has 172,857 shares for 0.01% of their US portfolio. The California-based Cap World Investors has invested 0.02% in Great Western Bancorp Inc (NYSE:GWB). Pnc Service Inc has 250 shares for 0% of their US portfolio. Ajo Lp owns 333,473 shares or 0.05% of their US portfolio. Gam Hldg Ag accumulated 0.03% or 67,375 shares. Guggenheim Capital Limited Co has invested 0% of its portfolio in Great Western Bancorp Inc (NYSE:GWB).

More notable recent Great Western Bancorp Inc (NYSE:GWB) news were published by: Finance.Yahoo.com which released: “Great Western Bancorp, Inc. Appoints James A. Israel as Director” on October 25, 2016, also Businesswire.com with their article: “Great Western Bancorp, Inc. Closes Merger with HF Financial Corp.” published on May 16, 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: Forbes.com and their article: “Ex-Dividend Reminder: South State, Charles Schwab and Great Western Bancorp” published on August 08, 2016 as well as Nasdaq.com‘s news article titled: “Great Western Bancorp, Inc. (GWB) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 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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