Barclays PLC Sells 30,277 Shares of Great Western Bancorp Inc (NYSE:GWB)
Barclays PLC trimmed its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 34.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 56,798 shares of the bank’s stock after selling 30,277 shares during the period. Barclays PLC’s holdings in Great Western Bancorp were worth $1,874,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. FTB Advisors Inc. raised its stake in Great Western Bancorp by 50.3% during the second quarter. FTB Advisors Inc. now owns 1,160 shares of the bank’s stock valued at $41,000 after buying an additional 388 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Great Western Bancorp in the second quarter worth about $68,000. Meeder Asset Management Inc. purchased a new position in Great Western Bancorp in the second quarter worth about $153,000. Texas Yale Capital Corp. bought a new position in shares of Great Western Bancorp in the second quarter worth approximately $212,000. Finally, Pitcairn Co. bought a new position in shares of Great Western Bancorp in the second quarter worth approximately $271,000. 96.31% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Kenneth James Karels sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now owns 26,662 shares in the company, valued at $959,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Great Western Bancorp had a net margin of 27.73% and a return on equity of 9.01%. The firm had revenue of $121.73 million for the quarter, compared to the consensus estimate of $123.57 million. During the same quarter last year, the firm posted $0.72 EPS. As a group, research analysts predict that Great Western Bancorp Inc will post 3.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.50%. Great Western Bancorp’s dividend payout ratio (DPR) is 40.82%.
GWB has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, TheStreet lowered Great Western Bancorp from a “b” rating to a “c+” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.00.
Great Western Bancorp Company Profile
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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