Great Western Bancorp Inc (GWB) Position Lowered by Sei Investments Co.
Sei Investments Co. cut its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 49.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,841 shares of the bank’s stock after selling 9,777 shares during the period. Sei Investments Co.’s holdings in Great Western Bancorp were worth $406,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in shares of Great Western Bancorp by 1.1% during the second quarter. Amalgamated Bank now owns 8,079 shares of the bank’s stock valued at $330,000 after buying an additional 85 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Great Western Bancorp by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock worth $109,000 after purchasing an additional 223 shares during the last quarter. Strs Ohio boosted its position in 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 purchasing an additional 300 shares during the last quarter. Pinebridge Investments L.P. boosted its position in Great Western Bancorp by 0.4% in the second quarter. Pinebridge Investments L.P. now owns 71,047 shares of the bank’s stock worth $2,899,000 after purchasing an additional 303 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in Great Western Bancorp by 5.2% in the second quarter. Suntrust Banks Inc. now owns 9,954 shares of the bank’s stock worth $406,000 after purchasing an additional 495 shares during the last quarter.
Great Western Bancorp Inc (GWB) traded up $0.23 during midday trading on Wednesday, hitting $39.97. The stock had a trading volume of 325,500 shares, compared to its average volume of 294,272. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. Great Western Bancorp Inc has a 1 year low of $33.27 and a 1 year high of $45.62. The company has a market capitalization of $2,338.85, a P/E ratio of 16.15, a P/E/G ratio of 1.99 and a beta of 1.69.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, November 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, November 9th. Great Western Bancorp’s dividend payout ratio (DPR) is currently 32.52%.
In other news, EVP Stephen John Ulenberg sold 5,397 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total value of $217,067.34. Following the transaction, the executive vice president now owns 20,505 shares of the company’s stock, valued at $824,711.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan Leighton Kindopp sold 1,304 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the transaction, the insider now directly owns 4,217 shares in the company, valued at approximately $169,565.57. The disclosure for this sale can be found here. Insiders sold 71,545 shares of company stock worth $2,921,722 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Deutsche Bank raised their target price on Great Western Bancorp from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. B. Riley cut Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Wednesday, November 1st. Finally, FBR & Co cut Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.22.
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Great Western Bancorp Profile
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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