First National Bank of Omaha increased its position in shares of Great Western Bancorp Inc (NYSE:GWB) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,644 shares of the bank’s stock after acquiring an additional 432 shares during the period. First National Bank of Omaha owned about 0.08% of Great Western Bancorp worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. First Mercantile Trust Co. increased its position in Great Western Bancorp by 5.6% during the third quarter. First Mercantile Trust Co. now owns 8,367 shares of the bank’s stock worth $277,000 after buying an additional 443 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of Great Western Bancorp by 22.6% in the third quarter. Wedge Capital Management L L P NC now owns 846,000 shares of the bank’s stock valued at $27,918,000 after purchasing an additional 156,044 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Great Western Bancorp by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 218,667 shares of the bank’s stock valued at $7,219,000 after purchasing an additional 5,168 shares during the last quarter. Comerica Bank grew its position in shares of Great Western Bancorp by 10.2% in the third quarter. Comerica Bank now owns 273,198 shares of the bank’s stock valued at $9,810,000 after purchasing an additional 25,187 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Great Western Bancorp by 20.1% in the third quarter. California Public Employees Retirement System now owns 154,512 shares of the bank’s stock valued at $5,099,000 after purchasing an additional 25,831 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
GWB has been the topic of several research analyst reports. TheStreet raised Great Western Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Piper Jaffray Companies set a $36.00 target price on Great Western Bancorp and gave the stock a “hold” rating in a research report on Friday, July 19th. ValuEngine downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Royal Bank of Canada set a $38.00 target price on Great Western Bancorp and gave the stock a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $37.00.
GWB stock traded up $0.02 during trading on Friday, reaching $35.76. 6,678 shares of the stock were exchanged, compared to its average volume of 262,980. Great Western Bancorp Inc has a twelve month low of $28.06 and a twelve month high of $38.78. The company has a market capitalization of $2.04 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 3.14 and a beta of 1.69. The stock has a 50 day simple moving average of $33.99 and a 200-day simple moving average of $33.20. The company has a current ratio of 0.95, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, October 24th. The bank reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Great Western Bancorp had a return on equity of 9.01% and a net margin of 27.73%. The business had revenue of $121.73 million for the quarter, compared to the consensus estimate of $123.57 million. During the same period last year, the business earned $0.72 earnings per share. Equities analysts predict that Great Western Bancorp Inc will post 3.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. Great Western Bancorp’s dividend payout ratio is 40.82%.
In other Great Western Bancorp news, CEO Kenneth James Karels sold 35,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now owns 26,662 shares in the company, valued at $959,832. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Edward Henning purchased 2,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $28.92 per share, with a total value of $57,840.00. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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