BNP Paribas Arbitrage SA Has $1.43 Million Holdings in Great Western Bancorp, Inc. (GWB)
BNP Paribas Arbitrage SA raised its holdings in Great Western Bancorp, Inc. (NYSE:GWB) by 86.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,593 shares of the bank’s stock after buying an additional 16,085 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Great Western Bancorp worth $1,428,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. grew its holdings in shares of Great Western Bancorp by 4.6% during the third quarter. Prudential Financial Inc. now owns 392,351 shares of the bank’s stock worth $16,196,000 after purchasing an additional 17,210 shares during the last quarter. BT Investment Management Ltd grew its holdings in shares of Great Western Bancorp by 69.3% during the third quarter. BT Investment Management Ltd now owns 25,594 shares of the bank’s stock worth $1,057,000 after purchasing an additional 10,472 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Great Western Bancorp during the third quarter worth about $8,172,000. Victory Capital Management Inc. grew its holdings in shares of Great Western Bancorp by 36.3% during the third quarter. Victory Capital Management Inc. now owns 5,379 shares of the bank’s stock worth $222,000 after purchasing an additional 1,434 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Great Western Bancorp during the third quarter worth about $436,000.
In other Great Western Bancorp news, CFO Peter Robert Chapman sold 7,006 shares of Great Western Bancorp stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total value of $281,781.32. Following the sale, the chief financial officer now owns 24,545 shares of the company’s stock, valued at approximately $987,199.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen John Ulenberg sold 3,000 shares of Great Western Bancorp stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.80, for a total value of $125,400.00. Following the completion of the sale, the executive vice president now directly owns 14,136 shares in the company, valued at approximately $590,884.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,280 shares of company stock worth $2,829,831. Corporate insiders own 0.23% of the company’s stock.
Great Western Bancorp, Inc. (NYSE GWB) opened at $39.93 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. Great Western Bancorp, Inc. has a twelve month low of $33.27 and a twelve month high of $45.62. The stock has a market capitalization of $2,349.24, a PE ratio of 16.23, a P/E/G ratio of 2.00 and a beta of 1.72.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The firm had revenue of $116.50 million for the quarter, compared to analyst estimates of $117.75 million. During the same quarter last year, the company posted $0.57 earnings per share. analysts expect that Great Western Bancorp, Inc. will post 2.6 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Friday, November 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, November 9th. Great Western Bancorp’s dividend payout ratio is currently 32.52%.
Several equities analysts have issued reports on GWB shares. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. ValuEngine lowered Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $46.00 price objective on shares of Great Western Bancorp in a report on Thursday, September 28th. Deutsche Bank AG raised their price objective on Great Western Bancorp from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $40.00 price target on shares of Great Western Bancorp in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Great Western Bancorp has a consensus rating of “Hold” and a consensus price target of $45.22.
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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