Russell Investments Group Ltd. reduced its position in Great Western Bancorp Inc (NYSE:GWB) by 9.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 248,457 shares of the bank’s stock after selling 24,704 shares during the period. Russell Investments Group Ltd.’s holdings in Great Western Bancorp were worth $10,480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Quadrant L P CA purchased a new stake in Great Western Bancorp during the 3rd quarter valued at $350,000. Victory Capital Management Inc. raised its stake in Great Western Bancorp by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 8,568 shares of the bank’s stock valued at $360,000 after buying an additional 1,175 shares during the last quarter. UBS Group AG raised its stake in Great Western Bancorp by 22.5% during the 1st quarter. UBS Group AG now owns 10,647 shares of the bank’s stock valued at $428,000 after buying an additional 1,957 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Great Western Bancorp during the 3rd quarter valued at $472,000. Finally, Xact Kapitalforvaltning AB raised its stake in Great Western Bancorp by 24.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,895 shares of the bank’s stock valued at $499,000 after buying an additional 2,300 shares during the last quarter.

Shares of GWB opened at $36.17 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 0.95 and a beta of 1.58. Great Western Bancorp Inc has a 1-year low of $31.54 and a 1-year high of $46.03.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $0.72 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.06). The company had revenue of $121.25 million during the quarter, compared to analysts’ expectations of $125.89 million. Great Western Bancorp had a return on equity of 9.51% and a net margin of 28.43%. Sell-side analysts expect that Great Western Bancorp Inc will post 3.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Friday, November 9th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.76%. Great Western Bancorp’s dividend payout ratio (DPR) is 34.48%.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies set a $37.00 target price on shares of Great Western Bancorp and gave the company a “hold” rating in a research note on Friday, October 26th. Finally, Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Great Western Bancorp has an average rating of “Hold” and an average price target of $46.57.

In other news, insider Kenneth James Karels sold 5,000 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $43.86, for a total value of $219,300.00. Following the completion of the sale, the insider now directly owns 30,373 shares in the company, valued at approximately $1,332,159.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Richard Bass sold 876 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $43.25, for a total value of $37,887.00. Following the completion of the sale, the insider now owns 18,204 shares of the company’s stock, valued at $787,323. The disclosure for this sale can be found here. Insiders sold a total of 11,822 shares of company stock valued at $519,123 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

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Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.

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Institutional Ownership by Quarter for Great Western Bancorp (NYSE:GWB)

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