Goldman Sachs Group Inc. Sells 47,529 Shares of Great Western Bancorp, Inc. (GWB)
Goldman Sachs Group Inc. lessened its stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 2.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,968,279 shares of the bank’s stock after selling 47,529 shares during the period. Goldman Sachs Group Inc. owned about 3.35% of Great Western Bancorp worth $80,326,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Great Western Bancorp during the 2nd quarter valued at $318,000. Stifel Financial Corp raised its stake in Great Western Bancorp by 2.5% during the 2nd quarter. Stifel Financial Corp now owns 42,138 shares of the bank’s stock valued at $1,720,000 after purchasing an additional 1,018 shares during the period. Voya Investment Management LLC raised its stake in Great Western Bancorp by 11.4% during the 2nd quarter. Voya Investment Management LLC now owns 575,742 shares of the bank’s stock valued at $23,496,000 after purchasing an additional 59,094 shares during the period. Dimensional Fund Advisors LP raised its stake in Great Western Bancorp by 32.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,082 shares of the bank’s stock valued at $53,710,000 after purchasing an additional 320,067 shares during the period. Finally, Citadel Advisors LLC raised its stake in Great Western Bancorp by 881.3% during the 2nd quarter. Citadel Advisors LLC now owns 59,545 shares of the bank’s stock valued at $2,429,000 after purchasing an additional 53,477 shares during the period.
GWB has been the topic of a number of research reports. BidaskClub raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a report on Friday, July 28th. Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 18th. ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Stephens set a $46.00 price target on shares of Great Western Bancorp and gave the company a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $45.25.
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Shares of Great Western Bancorp, Inc. (GWB) opened at 39.86 on Thursday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 16.69 and a beta of 1.75. Great Western Bancorp, Inc. has a one year low of $31.51 and a one year high of $45.62. The company’s 50 day moving average is $37.15 and its 200-day moving average is $39.43.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The firm had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts expect that Great Western Bancorp, Inc. will post $2.43 EPS for the current year.
In related news, insider Bryan Leighton Kindopp sold 1,304 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.21, for a total transaction of $52,433.84. Following the transaction, the insider now directly owns 4,217 shares of the company’s stock, valued at $169,565.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth James Karels sold 12,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $39.66, for a total transaction of $475,920.00. Following the transaction, the chief executive officer now directly owns 62,130 shares in the company, valued at $2,464,075.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,707 shares of company stock worth $1,027,203. 0.23% of the stock is owned by 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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