Two Sigma Advisers LP cut its position in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 38.8% during the third quarter, Holdings Channel reports. The firm owned 113,100 shares of the company’s stock after selling 71,800 shares during the period. Two Sigma Advisers LP owned approximately 0.19% of Great Western Bancorp worth $3,768,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of GWB. Vanguard Group Inc. boosted its stake in shares of Great Western Bancorp by 27.8% in the second quarter. Vanguard Group Inc. now owns 6,140,248 shares of the company’s stock worth $193,664,000 after buying an additional 1,336,682 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Great Western Bancorp by 8.7% in the third quarter. BlackRock Fund Advisors now owns 4,097,420 shares of the company’s stock worth $136,526,000 after buying an additional 326,821 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Great Western Bancorp by 6.8% in the second quarter. Macquarie Group Ltd. now owns 2,620,132 shares of the company’s stock worth $82,639,000 after buying an additional 166,712 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Great Western Bancorp by 1.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,690,290 shares of the company’s stock worth $56,320,000 after buying an additional 22,744 shares in the last quarter. Finally, Mairs & Power INC boosted its stake in shares of Great Western Bancorp by 22.9% in the third quarter. Mairs & Power INC now owns 1,143,700 shares of the company’s stock worth $38,108,000 after buying an additional 212,950 shares in the last quarter.
Great Western Bancorp, Inc. (NYSE:GWB) traded up 0.02% during midday trading on Friday, hitting $42.53. The stock had a trading volume of 181,976 shares. The stock has a 50-day moving average price of $43.10 and a 200 day moving average price of $36.98. The firm has a market cap of $2.50 billion, a PE ratio of 19.14 and a beta of 1.86. Great Western Bancorp, Inc. has a one year low of $22.68 and a one year high of $44.99.
Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, January 26th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Great Western Bancorp had a return on equity of 8.47% and a net margin of 27.75%. During the same period last year, the business posted $0.55 earnings per share. On average, analysts predict that Great Western Bancorp, Inc. will post $2.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Friday, February 10th will be given a $0.17 dividend. The ex-dividend date is Wednesday, February 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.60%. Great Western Bancorp’s payout ratio is 30.77%.
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A number of equities research analysts have weighed in on GWB shares. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Beaufort Securities reiterated a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, November 3rd. Finally, RBC Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of Great Western Bancorp in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $40.83.
In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 1,554 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $38.00, for a total value of $59,052.00. Following the transaction, the insider now owns 300 shares in the company, valued at $11,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Robert Chapman sold 1,004 shares of the business’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $40.26, for a total value of $40,421.04. Following the completion of the transaction, the chief financial officer now owns 8,954 shares in the company, valued at approximately $360,488.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,074 shares of company stock valued at $322,540. Insiders own 0.23% of the company’s stock.
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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