OppenheimerFunds Inc. boosted its position in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 20.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,110 shares of the bank’s stock after buying an additional 4,277 shares during the period. OppenheimerFunds Inc.’s holdings in Great Western Bancorp were worth $1,065,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of GWB. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock worth $104,000 after buying an additional 1,263 shares during the last quarter. Victory Capital Management Inc. increased its position in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after buying an additional 88 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Great Western Bancorp by 92.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the bank’s stock valued at $144,000 after buying an additional 1,586 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Great Western Bancorp during the fourth quarter valued at about $244,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Great Western Bancorp during the fourth quarter worth $252,000.
Great Western Bancorp, Inc. (NYSE:GWB) traded down 1.81% during midday trading on Friday, hitting $38.01. The company’s stock had a trading volume of 263,023 shares. The stock has a 50 day moving average of $40.08 and a 200 day moving average of $41.42. The company has a market cap of $2.23 billion, a PE ratio of 15.92 and a beta of 1.73. Great Western Bancorp, Inc. has a 52-week low of $31.51 and a 52-week high of $45.62.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The company had revenue of $114.22 million for the quarter, compared to the consensus estimate of $117.10 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts expect that Great Western Bancorp, Inc. will post $2.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Friday, August 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.10%. Great Western Bancorp’s payout ratio is presently 33.47%.
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Several brokerages have commented on GWB. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $46.00 price target on shares of Great Western Bancorp in a research report on Monday, April 3rd. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, April 5th. FBR & Co started coverage on Great Western Bancorp in a report on Tuesday, April 11th. They issued an “outperform” rating and a $48.00 target price for the company. DA Davidson restated a “buy” rating and issued a $50.00 target price on shares of Great Western Bancorp in a research note on Wednesday, April 12th. Finally, J P Morgan Chase & Co cut Great Western Bancorp from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $48.00 to $47.00 in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.67.
In related news, insider Bryan Leighton Kindopp sold 766 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $40.95, for a total value of $31,367.70. Following the sale, the insider now directly owns 300 shares of the company’s stock, valued at $12,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.
About Great Western Bancorp
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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