Great Western Bancorp Inc. (GWB) Position Cut by Fisher Asset Management LLC
Fisher Asset Management LLC reduced its position in shares of Great Western Bancorp Inc. (NYSE:GWB) by 21.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 110,094 shares of the company’s stock after selling 29,522 shares during the period. Fisher Asset Management LLC owned about 0.19% of Great Western Bancorp worth $3,668,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Artemis Investment Management LLP boosted its stake in Great Western Bancorp by 184.7% in the second quarter. Artemis Investment Management LLP now owns 1,248,600 shares of the company’s stock valued at $39,412,000 after buying an additional 810,000 shares during the period. Louisiana State Employees Retirement System bought a new position in Great Western Bancorp during the second quarter worth approximately $820,000. Bank of Montreal Can bought a new position in Great Western Bancorp during the second quarter worth approximately $5,453,000. Meeder Asset Management Inc. bought a new position in Great Western Bancorp during the second quarter worth approximately $584,000. Finally, Adams Diversified Equity Fund Inc. bought a new position in Great Western Bancorp during the second quarter worth approximately $451,000.
Shares of Great Western Bancorp Inc. (NYSE:GWB) traded up 3.09% during trading on Wednesday, reaching $40.00. The company’s stock had a trading volume of 484,881 shares. The stock’s 50 day moving average price is $34.99 and its 200-day moving average price is $33.45. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 18.72 and a beta of 1.69. Great Western Bancorp Inc. has a 52-week low of $22.68 and a 52-week high of $40.05.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Great Western Bancorp had a return on equity of 8.33% and a net margin of 27.56%. During the same period in the previous year, the company posted $0.60 EPS. Equities analysts anticipate that Great Western Bancorp Inc. will post $2.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Friday, November 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This is a positive change from Great Western Bancorp’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. Great Western Bancorp’s dividend payout ratio is 31.93%.
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A number of equities analysts recently commented on GWB shares. Piper Jaffray Cos. started coverage on Great Western Bancorp in a research note on Thursday, October 6th. They issued a “neutral” rating and a $35.00 price objective on the stock. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Great Western Bancorp in a research note on Wednesday, August 24th. Beaufort Securities reaffirmed a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, November 3rd. Deutsche Bank AG lifted their price objective on Great Western Bancorp from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, Zacks Investment Research lowered Great Western Bancorp from a “buy” rating to a “sell” rating in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Great Western Bancorp currently has an average rating of “Hold” and an average target price of $37.00.
In other news, insider Kenneth James Karels sold 2,325 shares of the stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $33.07, for a total transaction of $76,887.75. Following the transaction, the insider now directly owns 12,406 shares in the company, valued at approximately $410,266.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan Leighton Kindopp sold 1,554 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $38.00, for a total value of $59,052.00. Following the transaction, the insider now owns 300 shares in the company, valued at $11,400. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc is a bank holding company. The Company’s primary business is the ownership of its subsidiary, Great Western Bank (the Bank), which is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services.
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