Great Western Bancorp Inc (GWB) Stake Lifted by Wells Fargo & Company MN
Wells Fargo & Company MN raised its position in Great Western Bancorp Inc (NYSE:GWB) by 13.3% during the third quarter, HoldingsChannel.com reports. The firm owned 326,681 shares of the bank’s stock after purchasing an additional 38,343 shares during the period. Wells Fargo & Company MN’s holdings in Great Western Bancorp were worth $13,783,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of GWB. First Quadrant L P CA acquired a new position in shares of Great Western Bancorp during the 3rd quarter valued at $350,000. Victory Capital Management Inc. lifted its position in shares of Great Western Bancorp by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 8,568 shares of the bank’s stock valued at $360,000 after acquiring an additional 1,175 shares during the period. Alps Advisors Inc. acquired a new position in shares of Great Western Bancorp during the 3rd quarter valued at $472,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Great Western Bancorp during the 2nd quarter valued at $523,000. Finally, Hilltop Holdings Inc. lifted its position in shares of Great Western Bancorp by 39.4% during the 2nd quarter. Hilltop Holdings Inc. now owns 18,241 shares of the bank’s stock valued at $766,000 after acquiring an additional 5,156 shares during the period.
A number of research analysts recently issued reports on GWB shares. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Friday, October 5th. Piper Jaffray Companies set a $37.00 target price on shares of Great Western Bancorp and gave the company a “hold” rating in a research report on Friday, October 26th. Finally, ValuEngine downgraded shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.57.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, October 25th. The bank reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.06). The business had revenue of $121.25 million for the quarter, compared to the consensus estimate of $125.89 million. Great Western Bancorp had a net margin of 28.43% and a return on equity of 9.51%. Analysts forecast that Great Western Bancorp Inc will post 3.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Friday, November 9th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. Great Western Bancorp’s dividend payout ratio (DPR) is presently 34.48%.
In other Great Western Bancorp news, insider Douglas Richard Bass sold 1,246 shares of the business’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 completion of the sale, the insider now owns 16,958 shares in the company, valued at approximately $750,391.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Robert Chapman sold 3,450 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $33.98, for a total transaction of $117,231.00. Following the sale, the chief financial officer now owns 21,423 shares of the company’s stock, valued at approximately $727,953.54. The disclosure for this sale can be found here. Insiders have sold a total of 5,722 shares of company stock valued at $215,447 in the last 90 days. 0.33% of the stock is currently owned by company insiders.
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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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