The stock of Great Western Bancorp Inc (NYSE:GWB) hit a new 52-week high and has $61.76 target or 57.00% above today’s $39.34 share price. The 9 months bullish chart indicates low risk for the $2.33B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $61.76 price target is reached, the company will be worth $1.33B 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 498,635 shares traded hands or 57.09% up from the average. Great Western Bancorp Inc (NYSE:GWB) has risen 34.15% since April 15, 2016 and is uptrending. It has outperformed by 29.53% 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. RBC Capital Markets maintained it with “Outperform” rating and $32 target price in Friday, October 30 report. The rating was initiated by Piper Jaffray on Thursday, October 6 with “Neutral”. The firm has “Neutral” rating given on Thursday, October 6 by PiperJaffray. Beaufort Securities maintained the shares of GWB in a report on Monday, September 14 with “Speculative Buy” rating. On Friday, November 13 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Great Western Bancorp Inc (NYSE:GWB) has “Buy” rating given on Friday, October 30 by Deutsche Bank.
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 dived, 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.
Prudential Fincl has 0.03% invested in the company for 604,500 shares. Blackrock Grp reported 129,962 shares or 0% of all its holdings. Moreover, Blackrock Limited has 0% invested in Great Western Bancorp Inc (NYSE:GWB) for 39,484 shares. Tudor Investment Et Al has invested 0.02% of its portfolio in Great Western Bancorp Inc (NYSE:GWB). Bridgeway Mngmt last reported 0.01% of its portfolio in the stock. Blackrock Lc holds 0.01% or 269,078 shares in its portfolio. Engineers Gate Manager Lp holds 0.12% or 54,005 shares in its portfolio. Rhumbline Advisers reported 78,767 shares or 0.01% of all its holdings. Ajo L P reported 333,473 shares or 0.05% of all its holdings. Dupont Cap Management Corporation holds 25,365 shares or 0.02% of its portfolio. Citadel Ltd Liability Company holds 77,820 shares or 0% of its portfolio. Aqr Cap Mngmt Ltd owns 160,282 shares or 0.01% of their US portfolio. Dimensional Fund Advisors L P, a Texas-based fund reported 225,623 shares. Stevens Cap Mngmt L P reported 23,741 shares or 0.03% of all its holdings. The Massachusetts-based Aristotle Boston Limited has invested 1.23% 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. Appoints James A. Israel as Director” on October 25, 2016, also Businesswire.com with their article: “Great Western Bancorp, Inc. to Present at Bank of America Merrill Lynch Future …” published on November 09, 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 Businesswire.com‘s news article titled: “Great Western Bancorp, Inc. Closes Merger with HF Financial Corp.” with publication date: May 16, 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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