The Chart of the Day belongs to Great Western Bancorp (GWB). I found the mid-western bank stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month , then again for technical buy signals of 80% or better. Next I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 3/4 the stock gained 18.38%.
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.
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.
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 13.62% in the last month
- Relative Strength Index 74.8%
- Technical support level at 28.95
- Recently traded at 31.11 with a 50 day moving average of 27.24
Fundamental factors:
- Market Cap $1.72 billion
- P/E 15.26
- Dividend yield 1.85%
- Revenue expected to incrrease 11.20% this year and another 15.20% next year
- Earnings estimated to increase 14.70% this year, an additional 11.50% next year and continue to compound at an annual rate of 11.20% for the next 5 years
- Wall Street analysts issued 2 strong buy and 6 buy recommendations on the stock
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