WBI Investments Inc. grew its holdings in Great Western Bancorp Inc (NYSE:GWB) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,823 shares of the bank’s stock after acquiring an additional 7,391 shares during the period. WBI Investments Inc. owned 0.06% of Great Western Bancorp worth $1,427,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GWB. Suntrust Banks Inc. bought a new position in Great Western Bancorp in the first quarter worth approximately $202,000. First Quadrant L P CA bought a new position in Great Western Bancorp in the third quarter worth approximately $350,000. Victory Capital Management Inc. increased its stake in shares of Great Western Bancorp by 15.9% in the second quarter. Victory Capital Management Inc. now owns 8,568 shares of the bank’s stock worth $360,000 after purchasing an additional 1,175 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Great Western Bancorp by 57.4% in the first quarter. Xact Kapitalforvaltning AB now owns 9,595 shares of the bank’s stock worth $386,000 after purchasing an additional 3,500 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Great Western Bancorp by 22.5% in the first quarter. UBS Group AG now owns 10,647 shares of the bank’s stock worth $428,000 after purchasing an additional 1,957 shares in the last quarter.
A number of brokerages have recently issued reports on GWB. ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, July 17th. Finally, Piper Jaffray Companies set a $37.00 price objective on shares of Great Western Bancorp and gave the stock a “hold” rating in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $46.25.
In related news, insider Kenneth James Karels sold 4,700 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $44.00, for a total transaction of $206,800.00. Following the completion of the transaction, the insider now directly owns 29,973 shares of the company’s stock, valued at $1,318,812. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Richard Bass sold 1,246 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $44.25, for a total transaction of $55,135.50. Following the transaction, the insider now directly owns 16,958 shares of the company’s stock, valued at $750,391.50. The disclosure for this sale can be found here. Insiders have sold 11,822 shares of company stock valued at $519,123 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.
Shares of NYSE GWB opened at $36.85 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.99. The firm has a market capitalization of $2.17 billion, a PE ratio of 12.71, a PEG ratio of 0.95 and a beta of 1.58. Great Western Bancorp Inc has a 1 year low of $31.54 and a 1 year high of $46.03.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, October 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.06). The firm had revenue of $121.25 million during the quarter, compared to analysts’ expectations of $125.89 million. Great Western Bancorp had a return on equity of 9.51% and a net margin of 28.43%. As a group, research analysts predict that Great Western Bancorp Inc will post 3.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Friday, November 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.00 annualized dividend and a yield of 2.71%. Great Western Bancorp’s payout ratio is 34.48%.
Great Western Bancorp Company 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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