Great Western Bancorp, Inc. (GWB) Shares Bought by Alpine Woods Capital Investors LLC
Alpine Woods Capital Investors LLC boosted its stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 50.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,000 shares of the bank’s stock after buying an additional 3,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Great Western Bancorp were worth $372,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in GWB. Bank of New York Mellon Corp lifted its holdings in Great Western Bancorp by 28.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock valued at $105,490,000 after buying an additional 565,508 shares in the last quarter. Macquarie Group Ltd. increased its position in Great Western Bancorp by 13.4% during the 2nd quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock valued at $134,895,000 after purchasing an additional 389,922 shares during the period. Tributary Capital Management LLC purchased a new position in Great Western Bancorp during the 2nd quarter valued at about $13,169,000. Dimensional Fund Advisors LP increased its position 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, State Street Corp increased its position in Great Western Bancorp by 10.6% during the 2nd quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock valued at $110,148,000 after purchasing an additional 259,443 shares during the period.
In related news, insider Bryan Leighton Kindopp sold 1,304 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the transaction, the insider now directly owns 4,217 shares in the company, valued at approximately $169,565.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Peter Robert Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $42.07, for a total transaction of $210,350.00. Following the completion of the transaction, the chief financial officer now owns 22,969 shares of the company’s stock, valued at $966,305.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,280 shares of company stock valued at $2,829,831. Company insiders own 0.19% of the company’s stock.
Shares of Great Western Bancorp, Inc. (GWB) traded up $0.34 during midday trading on Wednesday, reaching $40.51. 205,300 shares of the company’s stock traded hands, compared to its average volume of 298,119. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02. Great Western Bancorp, Inc. has a twelve month low of $33.27 and a twelve month high of $45.62. The firm has a market cap of $2,363.36, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.72.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. The business had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $117.75 million. During the same period in the previous year, the business posted $0.57 EPS. sell-side analysts forecast that Great Western Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, November 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, November 9th. Great Western Bancorp’s dividend payout ratio is currently 32.52%.
A number of research analysts have commented on GWB shares. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Friday, September 8th. Zacks Investment Research raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. TheStreet downgraded shares of Great Western Bancorp from a “b” rating to a “c” rating in a research report on Thursday, September 7th. Stephens set a $46.00 price objective on shares of Great Western Bancorp and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, BidaskClub downgraded shares of Great Western Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.22.
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Great Western Bancorp Profile
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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