Great Western Bancorp Inc (GWB) Position Increased by LSV Asset Management
LSV Asset Management increased its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 31.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 286,700 shares of the bank’s stock after buying an additional 68,300 shares during the quarter. LSV Asset Management’s holdings in Great Western Bancorp were worth $11,410,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Flinton Capital Management LLC lifted its holdings in Great Western Bancorp by 85.4% during the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock worth $125,000 after acquiring an additional 1,408 shares during the period. Victory Capital Management Inc. lifted its holdings in Great Western Bancorp by 36.3% during the third quarter. Victory Capital Management Inc. now owns 5,379 shares of the bank’s stock worth $222,000 after acquiring an additional 1,434 shares during the period. Eqis Capital Management Inc. bought a new stake in Great Western Bancorp during the fourth quarter worth $229,000. Shelton Capital Management bought a new stake in Great Western Bancorp during the second quarter worth $238,000. Finally, Tudor Investment Corp ET AL bought a new stake in Great Western Bancorp during the second quarter worth $318,000.
GWB has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine lowered Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Deutsche Bank lifted their price target on Great Western Bancorp from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reiterated a “hold” rating and set a $40.00 price target on shares of Great Western Bancorp in a report on Friday, October 27th. Finally, B. Riley lowered Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.50.
Shares of Great Western Bancorp Inc (NYSE:GWB) opened at $40.80 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.02. Great Western Bancorp Inc has a 52-week low of $33.27 and a 52-week high of $45.62. The stock has a market capitalization of $2,402.96, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.09. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. The business had revenue of $117.30 million during the quarter, compared to the consensus estimate of $118.85 million. During the same period last year, the business posted $0.63 earnings per share. equities analysts predict that Great Western Bancorp Inc will post 2.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Friday, February 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, February 8th. Great Western Bancorp’s dividend payout ratio is currently 34.48%.
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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