Federated Investors Inc. PA Increases Stake in Great Western Bancorp, Inc. (GWB)
Federated Investors Inc. PA raised its stake in Great Western Bancorp, Inc. (NYSE:GWB) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,063 shares of the bank’s stock after buying an additional 5,304 shares during the period. Federated Investors Inc. PA owned about 0.25% of Great Western Bancorp worth $6,084,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock valued at $104,000 after buying an additional 1,263 shares during the last quarter. Victory Capital Management Inc. raised its stake in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock valued at $142,000 after buying an additional 88 shares during the last quarter. Strs Ohio raised its stake in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new stake in Great Western Bancorp during the second quarter valued at approximately $199,000. Finally, Koch Industries Inc. acquired a new stake in Great Western Bancorp during the first quarter valued at approximately $214,000.
Great Western Bancorp, Inc. (GWB) opened at 35.92 on Friday. The company has a market cap of $2.11 billion, a P/E ratio of 15.04 and a beta of 1.69. Great Western Bancorp, Inc. has a 52 week low of $31.51 and a 52 week high of $45.62. The stock has a 50 day moving average of $38.16 and a 200 day moving average of $40.47.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts expect that Great Western Bancorp, Inc. will post $2.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, August 9th. Great Western Bancorp’s dividend payout ratio is currently 33.47%.
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Several equities research analysts recently commented on the stock. BidaskClub raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Piper Jaffray Companies reiterated a “hold” rating and issued a $41.00 target price on shares of Great Western Bancorp in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $46.00 target price on shares of Great Western Bancorp in a research note on Sunday, July 30th. Finally, Stephens set a $46.00 target price on shares of Great Western Bancorp and gave the stock a “buy” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.44.
In other news, insider Bryan Leighton Kindopp sold 766 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the sale, the insider now directly owns 300 shares in the company, valued at approximately $12,285. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by company 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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