Strs Ohio Has $1.25 Million Position in Great Western Bancorp, Inc. (GWB)
Strs Ohio increased its stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 575.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,400 shares of the bank’s stock after buying an additional 25,900 shares during the quarter. Strs Ohio owned 0.05% of Great Western Bancorp worth $1,254,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank lifted its position in shares of Great Western Bancorp by 1.1% during the 2nd quarter. Amalgamated Bank now owns 8,079 shares of the bank’s stock worth $330,000 after buying an additional 85 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Great Western Bancorp by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock valued at $109,000 after purchasing an additional 223 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in Great Western Bancorp by 0.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 71,047 shares of the bank’s stock valued at $2,899,000 after purchasing an additional 303 shares in the last quarter. Texas Permanent School Fund increased its holdings in Great Western Bancorp by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 42,852 shares of the bank’s stock valued at $1,749,000 after purchasing an additional 358 shares in the last quarter. Finally, Suntrust Banks Inc. increased its holdings in Great Western Bancorp by 5.2% during the 2nd quarter. Suntrust Banks Inc. now owns 9,954 shares of the bank’s stock valued at $406,000 after purchasing an additional 495 shares in the last quarter.
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A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley cut Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target for the company. in a report on Wednesday. FBR & Co cut Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target for the company. in a report on Tuesday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $40.00 price target on shares of Great Western Bancorp in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $46.00 price target on shares of Great Western Bancorp in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Great Western Bancorp has a consensus rating of “Hold” and a consensus target price of $45.38.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.64 EPS for the quarter, beating 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 company had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $117.75 million. During the same period in the prior year, the company earned $0.57 EPS.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, November 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, November 9th. Great Western Bancorp’s payout ratio is 32.52%.
In other news, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.80, for a total value of $125,400.00. Following the completion of the transaction, the executive vice president now directly owns 14,136 shares in the company, valued at approximately $590,884.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $52,433.84. Following the completion of the transaction, the insider now owns 4,217 shares of the company’s stock, valued at $169,565.57. The disclosure for this sale can be found here. Insiders sold a total of 69,280 shares of company stock valued at $2,829,831 over the last quarter. 0.23% of the stock is owned by corporate insiders.
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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