California Public Employees Retirement System increased its position in shares of Great Western Bancorp Inc (NYSE:GWB) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 153,871 shares of the bank’s stock after buying an additional 8,876 shares during the quarter. California Public Employees Retirement System owned about 0.26% of Great Western Bancorp worth $6,124,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of GWB. Victory Capital Management Inc. raised its stake in shares of Great Western Bancorp by 36.3% in the third quarter. Victory Capital Management Inc. now owns 5,379 shares of the bank’s stock worth $222,000 after purchasing an additional 1,434 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Great Western Bancorp in the fourth quarter worth approximately $229,000. CIBC Asset Management Inc purchased a new stake in shares of Great Western Bancorp in the fourth quarter worth approximately $289,000. Alpine Woods Capital Investors LLC raised its stake in shares of Great Western Bancorp by 50.0% in the third quarter. Alpine Woods Capital Investors LLC now owns 9,000 shares of the bank’s stock worth $372,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Great Western Bancorp in the third quarter worth approximately $436,000.
In other news, insider Kenneth James Karels sold 1,510 shares of the company’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 value of $67,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $41.81, for a total value of $125,430.00. Following the transaction, the executive vice president now directly owns 12,736 shares of the company’s stock, valued at $532,492.16. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.
Several analysts have recently commented on GWB shares. Royal Bank of Canada reissued a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price objective on shares of Great Western Bancorp in a research note on Thursday, December 21st. Zacks Investment Research downgraded Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Stephens reissued a “buy” rating and issued a $49.00 price objective on shares of Great Western Bancorp in a research note on Friday, January 26th. 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 presently has a consensus rating of “Hold” and a consensus price target of $46.70.
Great Western Bancorp Inc (GWB) traded up $0.69 during mid-day trading on Friday, hitting $44.09. The stock had a trading volume of 656,440 shares, compared to its average volume of 161,477. The company has a market capitalization of $2,556.09, a price-to-earnings ratio of 19.00, a PEG ratio of 1.43 and a beta of 1.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. Great Western Bancorp Inc has a 52 week low of $33.27 and a 52 week high of $45.62.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $117.30 million during the quarter, compared to analyst estimates of $118.85 million. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. During the same period in the prior year, the company posted $0.63 earnings per share. equities research analysts anticipate that Great Western Bancorp Inc will post 2.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, February 8th. Great Western Bancorp’s dividend payout ratio is presently 34.48%.
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Great Western Bancorp Company 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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