Pendal Group Ltd Boosts Holdings in Great Western Bancorp Inc (NYSE:GWB)
Pendal Group Ltd boosted its position in shares of Great Western Bancorp Inc (NYSE:GWB) by 5.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 42,353 shares of the bank’s stock after buying an additional 2,260 shares during the quarter. Pendal Group Ltd’s holdings in Great Western Bancorp were worth $1,513,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GWB. Marshall Wace North America L.P. boosted its stake in Great Western Bancorp by 55.6% during the first quarter. Marshall Wace North America L.P. now owns 2,519 shares of the bank’s stock worth $79,000 after buying an additional 900 shares during the period. Pearl River Capital LLC boosted its stake in Great Western Bancorp by 1,209.2% during the first quarter. Pearl River Capital LLC now owns 3,980 shares of the bank’s stock worth $126,000 after buying an additional 3,676 shares during the period. Texas Yale Capital Corp. purchased a new position in Great Western Bancorp during the second quarter worth $212,000. Everence Capital Management Inc. purchased a new position in Great Western Bancorp during the first quarter worth $251,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Great Western Bancorp during the first quarter worth $263,000. 99.04% of the stock is owned by institutional investors.
Several research firms have commented on GWB. DA Davidson reaffirmed a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Zacks Investment Research lowered shares of Great Western Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 30th. Royal Bank of Canada set a $38.00 price objective on shares of Great Western Bancorp and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Piper Jaffray Companies set a $36.00 target price on Great Western Bancorp and gave the stock a “hold” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.00.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 25th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.32). Great Western Bancorp had a return on equity of 8.63% and a net margin of 26.81%. The business had revenue of $116.40 million for the quarter, compared to the consensus estimate of $120.91 million. During the same quarter last year, the business posted $0.78 earnings per share. On average, research analysts anticipate that Great Western Bancorp Inc will post 2.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $1.20 annualized dividend and a dividend yield of 4.06%. Great Western Bancorp’s dividend payout ratio (DPR) is 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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