Westwood Holdings Group Inc. trimmed its stake in shares of Great Western Bancorp Inc (NYSE:GWB) by 29.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,243,975 shares of the bank’s stock after selling 528,965 shares during the quarter. Westwood Holdings Group Inc. owned about 2.11% of Great Western Bancorp worth $49,510,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in shares of Great Western Bancorp during the 4th quarter worth approximately $357,000. Zeke Capital Advisors LLC grew its holdings in Great Western Bancorp by 39.2% in the 4th quarter. Zeke Capital Advisors LLC now owns 21,199 shares of the bank’s stock worth $844,000 after buying an additional 5,973 shares in the last quarter. Millennium Management LLC grew its holdings in Great Western Bancorp by 46.6% in the 4th quarter. Millennium Management LLC now owns 39,664 shares of the bank’s stock worth $1,579,000 after buying an additional 12,616 shares in the last quarter. Teachers Advisors LLC grew its holdings in Great Western Bancorp by 2.8% in the 4th quarter. Teachers Advisors LLC now owns 108,830 shares of the bank’s stock worth $4,331,000 after buying an additional 2,970 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Great Western Bancorp by 2.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,082,287 shares of the bank’s stock worth $82,875,000 after buying an additional 47,952 shares in the last quarter.
In other Great Western Bancorp news, insider Kenneth James Karels sold 1,510 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $45.00, for a total transaction of $67,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Company insiders own 0.33% of the company’s stock.
A number of brokerages recently issued reports on GWB. Sandler O’Neill set a $46.00 price objective on Great Western Bancorp and gave the stock a “buy” rating in a report on Tuesday, March 27th. ValuEngine lowered Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price objective on shares of Great Western Bancorp in a report on Thursday, December 21st. Stephens reissued a “buy” rating and issued a $49.00 price objective on shares of Great Western Bancorp in a report on Friday, January 26th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Great Western Bancorp currently has a consensus rating of “Hold” and a consensus price target of $46.64.
NYSE GWB traded down $1.10 on Friday, reaching $38.78. 200,444 shares of the stock traded hands, compared to its average volume of 326,048. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $2,283.99, a P/E ratio of 15.21, a PEG ratio of 1.29 and a beta of 1.57. 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 issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. The firm 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 last year, the company posted $0.63 EPS. research analysts predict that Great Western Bancorp Inc will post 2.92 earnings per share for the current fiscal year.
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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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