The Manufacturers Life Insurance Company raised its position in shares of Great Western Bancorp Inc (NYSE:GWB) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,009,183 shares of the bank’s stock after purchasing an additional 2,125 shares during the period. The Manufacturers Life Insurance Company owned approximately 1.71% of Great Western Bancorp worth $40,165,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWB. Victory Capital Management Inc. raised its position in Great Western Bancorp by 36.3% during the third quarter. Victory Capital Management Inc. now owns 5,379 shares of the bank’s stock valued at $222,000 after purchasing an additional 1,434 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in Great Western Bancorp during the fourth quarter valued at about $229,000. CIBC Asset Management Inc purchased a new stake in Great Western Bancorp during the fourth quarter valued at about $289,000. Alpine Woods Capital Investors LLC grew its stake in shares of Great Western Bancorp by 50.0% during the third quarter. Alpine Woods Capital Investors LLC now owns 9,000 shares of the bank’s stock valued at $372,000 after buying an additional 3,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Great Western Bancorp during the third quarter valued at about $436,000.
In related news, CFO Peter Robert Chapman sold 2,265 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $40.57, for a total value of $91,891.05. Following the completion of the transaction, the chief financial officer now directly owns 16,964 shares in the company, valued at approximately $688,229.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kenneth James Karels sold 1,510 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $45.00, for a total transaction of $67,950.00. The disclosure for this sale can be found here. Insiders have sold 6,775 shares of company stock valued at $285,271 over the last quarter. Company insiders own 0.33% of the company’s stock.
A number of research analysts have recently issued reports on GWB shares. Deutsche Bank raised their price objective on Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Stephens reaffirmed a “buy” rating and set a $49.00 price objective on shares of Great Western Bancorp in a research note on Friday, January 26th. ValuEngine cut Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $51.00 target price on shares of Great Western Bancorp in a research note on Thursday, January 25th. Finally, Zacks Investment Research cut Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.50.
Shares of Great Western Bancorp Inc (NYSE:GWB) opened at $42.69 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2,514.28, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.62. Great Western Bancorp Inc has a 12-month low of $33.27 and a 12-month high of $45.62.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.09. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. The business had revenue of $117.30 million for the quarter, compared to analysts’ expectations of $118.85 million. During the same period in the previous year, the firm posted $0.63 EPS. equities research analysts anticipate that Great Western Bancorp Inc will post 2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. Great Western Bancorp’s payout ratio is 34.48%.
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Great Western Bancorp Profile
Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
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