California Public Employees Retirement System lowered its position in Great Western Bancorp Inc (NYSE:GWB) by 4.3% during the second quarter, HoldingsChannel.com reports. The firm owned 125,101 shares of the bank’s stock after selling 5,608 shares during the quarter. California Public Employees Retirement System’s holdings in Great Western Bancorp were worth $1,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Capital Group LLC raised its stake in shares of Great Western Bancorp by 169.9% in the 1st quarter. Private Capital Group LLC now owns 1,325 shares of the bank’s stock valued at $27,000 after purchasing an additional 834 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Great Western Bancorp by 44.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,391 shares of the bank’s stock worth $90,000 after acquiring an additional 1,360 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of Great Western Bancorp during the first quarter worth approximately $113,000. BTC Capital Management Inc. bought a new stake in shares of Great Western Bancorp during the second quarter worth approximately $156,000. Finally, Sciencast Management LP bought a new stake in shares of Great Western Bancorp during the second quarter worth approximately $160,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.

GWB has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of Great Western Bancorp from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. ValuEngine upgraded shares of Great Western Bancorp from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 9th. DA Davidson upgraded shares of Great Western Bancorp from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday. Piper Sandler dropped their price target on shares of Great Western Bancorp from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, Zacks Investment Research downgraded shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.14.

Shares of GWB opened at $13.42 on Thursday. Great Western Bancorp Inc has a one year low of $10.86 and a one year high of $36.65. The company has a market cap of $738.29 million, a P/E ratio of -1.17, a P/E/G ratio of 8.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $14.01 and a two-hundred day simple moving average of $16.14.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Wednesday, July 29th. The bank reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). Great Western Bancorp had a negative net margin of 120.07% and a positive return on equity of 8.39%. The firm had revenue of $108.19 million for the quarter, compared to analyst estimates of $117.15 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was down 27.4% on a year-over-year basis. On average, analysts expect that Great Western Bancorp Inc will post 0.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, August 12th. This represents a $0.04 annualized dividend and a yield of 0.30%. Great Western Bancorp’s dividend payout ratio is currently 1.36%.

In related news, CEO Mark Charles Borrecco purchased 2,700 shares of the stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $12.93 per share, for a total transaction of $34,911.00. Also, Director James Brannen purchased 5,000 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $12.55 per share, with a total value of $62,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $62,750. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 30,120 shares of company stock valued at $384,894. Company insiders own 0.40% of the company’s stock.

Great Western Bancorp 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.

Further Reading: When can a hold rating present a buying opportunity?

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

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