Geode Capital Management LLC boosted its position in Great Western Bancorp Inc (NYSE:GWB) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 622,174 shares of the bank’s stock after acquiring an additional 36,718 shares during the period. Geode Capital Management LLC’s holdings in Great Western Bancorp were worth $19,442,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank bought a new stake in Great Western Bancorp in the 4th quarter worth $32,000. Flinton Capital Management LLC grew its holdings in Great Western Bancorp by 22.9% in the 4th quarter. Flinton Capital Management LLC now owns 6,352 shares of the bank’s stock worth $198,000 after acquiring an additional 1,184 shares during the last quarter. Actinver Wealth Management Inc. bought a new stake in Great Western Bancorp in the 4th quarter worth $303,000. Advisors Asset Management Inc. grew its holdings in Great Western Bancorp by 193.8% in the 4th quarter. Advisors Asset Management Inc. now owns 8,861 shares of the bank’s stock worth $277,000 after acquiring an additional 5,845 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Great Western Bancorp in the 4th quarter worth $335,000. 99.49% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, February 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.33.
Shares of GWB opened at $32.95 on Wednesday. The stock has a market cap of $1.84 billion, a PE ratio of 11.36, a P/E/G ratio of 1.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.95 and a current ratio of 0.95. Great Western Bancorp Inc has a 1-year low of $29.52 and a 1-year high of $44.83.
Great Western Bancorp (NYSE:GWB) last announced its earnings results on Thursday, April 25th. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $121.70 million for the quarter, compared to the consensus estimate of $121.78 million. Great Western Bancorp had a net margin of 30.31% and a return on equity of 9.75%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. Research analysts expect that Great Western Bancorp Inc will post 3.17 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.30 per share. This is a positive change from Great Western Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Great Western Bancorp’s payout ratio is presently 41.38%.
About Great Western Bancorp
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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