Envestnet Asset Management Inc. Trims Stake in Great Western Bancorp Inc (GWB)

Envestnet Asset Management Inc. reduced its position in Great Western Bancorp Inc (NYSE:GWB) by 18.5% in the 2nd quarter, Holdings Channel reports. The firm owned 5,671 shares of the bank’s stock after selling 1,287 shares during the period. Envestnet Asset Management Inc.’s holdings in Great Western Bancorp were worth $238,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Suntrust Banks Inc. purchased a new stake in shares of Great Western Bancorp in the 1st quarter valued at about $202,000. Victory Capital Management Inc. lifted its holdings in shares of Great Western Bancorp by 25.5% in the 1st quarter. Victory Capital Management Inc. now owns 7,393 shares of the bank’s stock valued at $298,000 after purchasing an additional 1,502 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Great Western Bancorp by 57.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 9,595 shares of the bank’s stock valued at $386,000 after purchasing an additional 3,500 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Great Western Bancorp by 15.6% in the 1st quarter. Profund Advisors LLC now owns 10,428 shares of the bank’s stock valued at $420,000 after purchasing an additional 1,410 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Great Western Bancorp by 22.5% in the 1st quarter. UBS Group AG now owns 10,647 shares of the bank’s stock valued at $428,000 after purchasing an additional 1,957 shares during the last quarter.

GWB opened at $43.28 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.20 and a beta of 1.52. Great Western Bancorp Inc has a 52 week low of $37.65 and a 52 week high of $46.03.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, July 26th. The bank reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.04. The firm had revenue of $123.61 million during the quarter, compared to the consensus estimate of $121.23 million. Great Western Bancorp had a return on equity of 9.36% and a net margin of 28.45%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. equities research analysts expect that Great Western Bancorp Inc will post 3.01 earnings per share for the current fiscal year.

In other Great Western Bancorp news, insider Douglas Richard Bass sold 876 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $43.25, for a total transaction of $37,887.00. Following the transaction, the insider now owns 18,204 shares in the company, valued at approximately $787,323. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth James Karels sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $43.86, for a total value of $219,300.00. Following the transaction, the insider now owns 30,373 shares in the company, valued at approximately $1,332,159.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,822 shares of company stock valued at $519,123. 0.33% of the stock is owned by company insiders.

Several analysts have recently weighed in on GWB shares. B. Riley boosted their target price on Great Western Bancorp from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, June 19th. Zacks Investment Research raised Great Western Bancorp from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, June 27th. Finally, ValuEngine downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.44.

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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Institutional Ownership by Quarter for Great Western Bancorp (NYSE:GWB)

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