Stieven Capital Advisors L.P. Has $7 Million Stake in Great Western Bancorp, Inc. (GWB)
Stieven Capital Advisors L.P. decreased its position in Great Western Bancorp, Inc. (NYSE:GWB) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,400 shares of the bank’s stock after selling 400 shares during the period. Stieven Capital Advisors L.P. owned approximately 0.29% of Great Western Bancorp worth $6,995,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock worth $104,000 after buying an additional 1,263 shares during the period. Victory Capital Management Inc. increased its position in shares of Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after buying an additional 88 shares during the period. Strs Ohio increased its position in shares of Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after buying an additional 300 shares during the period. Dubuque Bank & Trust Co. acquired a new position in shares of Great Western Bancorp during the second quarter worth about $199,000. Finally, Koch Industries Inc. acquired a new position in shares of Great Western Bancorp during the first quarter worth about $214,000.
Great Western Bancorp, Inc. (GWB) traded down 0.05% during trading on Monday, reaching $36.52. The company had a trading volume of 2,109 shares. Great Western Bancorp, Inc. has a 52-week low of $31.51 and a 52-week high of $45.62. The company has a 50-day moving average of $38.67 and a 200-day moving average of $40.66. The firm has a market capitalization of $2.15 billion, a P/E ratio of 15.29 and a beta of 1.69.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) 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 business had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the business posted $0.59 earnings per share. Great Western Bancorp’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Great Western Bancorp, Inc. will post $2.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Friday, August 11th were paid a $0.20 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. Great Western Bancorp’s payout ratio is presently 33.47%.
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A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Great Western Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research note on Friday, July 28th. Piper Jaffray Companies reissued a “hold” rating and set a $41.00 target price on shares of Great Western Bancorp in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Stephens set a $46.00 target price on Great Western Bancorp and gave the stock a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.44.
In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 766 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the transaction, the insider now directly owns 300 shares of the company’s stock, valued at $12,285. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% 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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