Barclays PLC lifted its stake in shares of Great Western Bancorp Inc (NYSE:GWB) by 40.0% during the first quarter, HoldingsChannel.com reports. The firm owned 19,381 shares of the bank’s stock after purchasing an additional 5,540 shares during the period. Barclays PLC’s holdings in Great Western Bancorp were worth $780,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Great Western Bancorp by 3.4% in the 4th quarter. BlackRock Inc. now owns 7,582,407 shares of the bank’s stock worth $301,779,000 after buying an additional 246,788 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Great Western Bancorp by 6.6% in the 4th quarter. Wells Fargo & Company MN now owns 318,654 shares of the bank’s stock worth $12,683,000 after buying an additional 19,864 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Great Western Bancorp by 35.1% in the 4th quarter. Deutsche Bank AG now owns 391,301 shares of the bank’s stock worth $15,571,000 after buying an additional 101,577 shares in the last quarter. Zeke Capital Advisors LLC boosted its position in shares of 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. Finally, Snow Capital Management LP boosted its position in shares of Great Western Bancorp by 41.7% in the 4th quarter. Snow Capital Management LP now owns 276,602 shares of the bank’s stock worth $11,009,000 after buying an additional 81,408 shares in the last quarter.
GWB has been the topic of several recent research reports. ValuEngine lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Sandler O’Neill set a $46.00 price objective on shares of Great Western Bancorp and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, B. Riley boosted their price objective on shares of Great Western Bancorp from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Great Western Bancorp currently has an average rating of “Hold” and a consensus price target of $46.56.
Great Western Bancorp opened at $42.62 on Thursday, Marketbeat Ratings reports. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.30 and a beta of 1.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Great Western Bancorp Inc has a 12-month low of $33.27 and a 12-month high of $46.03.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, April 26th. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.01). The firm had revenue of $119.30 million during the quarter, compared to analysts’ expectations of $117.13 million. Great Western Bancorp had a net margin of 27.33% and a return on equity of 8.86%. Great Western Bancorp’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. analysts forecast that Great Western Bancorp Inc will post 2.94 earnings per share for the current year.
In other Great Western Bancorp news, insider Kenneth James Karels sold 3,978 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $45.00, for a total value of $179,010.00. Following the transaction, the insider now directly owns 38,885 shares in the company, valued at approximately $1,749,825. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.
Great Western Bancorp Profile
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.
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