Great Western Bancorp Receives a Buy from KBW

By Jason Carr

KBW analyst Melissa Roberts reiterated a Buy rating on Great Western Bancorp (NYSE: GWB) on July 27 and set a price target of $46. The company’s shares closed on Friday at $38.01.

According to TipRanks.com, Roberts is a 4-star analyst with an average return of 4.2% and a 59.8% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Currently, the analyst consensus on Great Western Bancorp is Strong Buy and the average price target is $45, representing a 18.4% upside.

In a report issued on July 27, RBC Capital also reiterated a Buy rating on the stock with a $46 price target.

The company has a one year high of $45.62 and a one year low of $31.51. Currently, Great Western Bancorp has an average volume of 358.4K.

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.