Denver Investment Advisors LLC Boosts Position in Great Western Bancorp, Inc. (GWB)
Denver Investment Advisors LLC boosted its stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,350 shares of the bank’s stock after buying an additional 659 shares during the period. Denver Investment Advisors LLC’s holdings in Great Western Bancorp were worth $14,461,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $104,000 after buying an additional 1,263 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 valued at $142,000 after buying an additional 88 shares in the last quarter. Strs Ohio raised its stake in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares in the last quarter. Dubuque Bank & Trust Co. purchased a new stake in Great Western Bancorp during the second quarter valued at about $199,000. Finally, Koch Industries Inc. purchased a new stake in Great Western Bancorp during the first quarter valued at about $214,000.
Shares of Great Western Bancorp, Inc. (NYSE:GWB) opened at 37.66 on Wednesday. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.77 and a beta of 1.69. Great Western Bancorp, Inc. has a 12 month low of $31.51 and a 12 month high of $45.62. The firm has a 50-day moving average price of $39.59 and a 200 day moving average price of $41.00.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $114.22 million for the quarter, compared to the consensus estimate of $117.10 million. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. Great Western Bancorp’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. On average, analysts anticipate that Great Western Bancorp, Inc. will post $2.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Friday, August 11th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. Great Western Bancorp’s dividend payout ratio (DPR) is presently 33.47%.
Several equities research analysts have weighed in on GWB shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 target price on shares of Great Western Bancorp in a research report on Tuesday, May 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 target price on shares of Great Western Bancorp in a research report on Friday, July 7th. Stephens set a $46.00 target price on Great Western Bancorp and gave the stock a “buy” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $42.00 target price on Great Western Bancorp and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.56.
In related news, insider Bryan Leighton Kindopp sold 766 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $40.95, for a total transaction of $31,367.70. Following the completion of the transaction, the insider now owns 300 shares in the company, valued at approximately $12,285. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% 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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