Great Western Bancorp Gets a Buy Rating from RBC Capital

By Carrie Williams

In a report issued on July 27, Jon Arfstrom from RBC Capital reiterated a Buy rating on Great Western Bancorp (NYSE: GWB), with a price target of $46. The company’s shares closed yesterday at $38.01.

According to TipRanks.com, Arfstrom is a top 100 analyst with an average return of 26.2% and a 73.6% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Provident Financial Services, and Capitol Federal Financial.

Currently, the analyst consensus on Great Western Bancorp is Strong Buy and the average price target is $45.25, representing a 19.0% upside.

In a report released yesterday, Stephens also reiterated a Buy rating on the stock with a $46 price target.

Based on Great Western Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $120 million and quarterly net profit of $35.06 million. In comparison, last year the company earned revenue of $117 million and had a net profit of $26.36 million.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock.

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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 company’s loan portfolio consists primarily of business loans, which include commercial and industrial, commercial real estate, and agribusiness loans.