Eagle Asset Management Inc. increased its holdings in Great Western Bancorp (NYSE:GWB) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,024 shares of the bank’s stock after purchasing an additional 12,566 shares during the period. Eagle Asset Management Inc. owned 0.32% of Great Western Bancorp worth $7,491,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in Great Western Bancorp by 3.4% in the 4th quarter. BlackRock Inc. now owns 7,582,407 shares of the bank’s stock worth $301,779,000 after purchasing an additional 246,788 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Great Western Bancorp by 14.5% in the 4th quarter. Fisher Asset Management LLC now owns 137,932 shares of the bank’s stock worth $5,490,000 after purchasing an additional 17,498 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Great Western Bancorp by 6.6% in the 4th quarter. Wells Fargo & Company MN now owns 318,654 shares of the bank’s stock worth $12,683,000 after purchasing an additional 19,864 shares in the last quarter. Deutsche Bank AG lifted its holdings in Great Western Bancorp by 35.1% in the 4th quarter. Deutsche Bank AG now owns 391,301 shares of the bank’s stock worth $15,571,000 after purchasing an additional 101,577 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in Great Western Bancorp by 29.9% in the 4th quarter. Pinebridge Investments L.P. now owns 92,143 shares of the bank’s stock worth $3,667,000 after purchasing an additional 21,203 shares in the last quarter.
GWB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $51.00 price target on shares of Great Western Bancorp in a report on Thursday, January 25th. Royal Bank of Canada reissued a “buy” rating and issued a $50.00 price target on shares of Great Western Bancorp in a report on Thursday, January 25th. Stephens reissued a “buy” rating and issued a $49.00 price target on shares of Great Western Bancorp in a report on Friday, January 26th. Zacks Investment Research raised Great Western Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 27th. Finally, ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.22.
Shares of GWB opened at $43.56 on Friday. The company has a market cap of $2.58 billion, a PE ratio of 17.71, a PEG ratio of 1.32 and a beta of 1.57. Great Western Bancorp has a 1 year low of $33.27 and a 1 year high of $45.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.
Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Thursday, April 26th. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.01). The firm had revenue of $119.30 million for the quarter, compared to analysts’ expectations of $117.13 million. Great Western Bancorp had a return on equity of 8.86% and a net margin of 27.33%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. equities analysts forecast that Great Western Bancorp will post 2.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 23rd. Stockholders of record on Friday, May 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. This is a boost from Great Western Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, May 10th. Great Western Bancorp’s dividend payout ratio is 40.65%.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.
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