Royal Bank of Canada set a $38.00 target price on Great Western Bancorp (NYSE:GWB) in a research note issued to investors on Friday, TipRanks reports. The firm currently has a buy rating on the bank’s stock.

A number of other analysts have also issued reports on GWB. DA Davidson reaffirmed a buy rating on shares of Great Western Bancorp in a research report on Thursday, April 25th. Piper Jaffray Companies set a $175.00 price objective on Wayfair and gave the company a buy rating in a report on Friday, July 19th. Finally, Zacks Investment Research raised General Moly from a sell rating to a hold rating in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $38.00.

Great Western Bancorp stock traded up $0.44 during midday trading on Friday, reaching $34.37. The stock had a trading volume of 34,278 shares, compared to its average volume of 335,527. Great Western Bancorp has a twelve month low of $29.52 and a twelve month high of $44.60. The stock has a market capitalization of $1.93 billion, a PE ratio of 11.85, a PEG ratio of 1.65 and a beta of 1.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.95. The firm has a 50-day moving average price of $34.26.

Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, July 25th. The bank reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.32). Great Western Bancorp had a net margin of 26.81% and a return on equity of 8.63%. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $120.91 million. During the same quarter in the previous year, the business posted $0.78 EPS. Analysts predict that Great Western Bancorp will post 2.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, August 8th. Great Western Bancorp’s dividend payout ratio (DPR) is presently 41.38%.

Large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. grew its holdings in shares of Great Western Bancorp by 55.6% during the first quarter. Marshall Wace North America L.P. now owns 2,519 shares of the bank’s stock valued at $79,000 after purchasing an additional 900 shares during the last quarter. Pearl River Capital LLC grew its holdings in shares of Great Western Bancorp by 1,209.2% during the first quarter. Pearl River Capital LLC now owns 3,980 shares of the bank’s stock valued at $126,000 after purchasing an additional 3,676 shares during the last quarter. Texas Yale Capital Corp. bought a new position in shares of Great Western Bancorp during the second quarter valued at approximately $212,000. Everence Capital Management Inc. bought a new position in shares of Great Western Bancorp during the first quarter valued at approximately $251,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Great Western Bancorp during the first quarter valued at approximately $263,000. 99.69% of the stock is owned by institutional investors.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.

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