Comerica Bank reduced its position in shares of Great Western Bancorp Inc (NYSE:GWB) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,630 shares of the bank’s stock after selling 5,264 shares during the period. Comerica Bank owned about 0.39% of Great Western Bancorp worth $8,630,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Suntrust Banks Inc. acquired a new stake in Great Western Bancorp during the 1st quarter worth $202,000. First Quadrant L P CA acquired a new stake in Great Western Bancorp during the 3rd quarter worth $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 worth $360,000 after acquiring an additional 1,175 shares in 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 worth $428,000 after acquiring an additional 1,957 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Great Western Bancorp during the 3rd quarter worth $472,000.
In other news, insider Douglas Richard Bass sold 1,246 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $44.25, for a total transaction of $55,135.50. Following the transaction, the insider now directly owns 16,958 shares in the company, valued at $750,391.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kenneth James Karels sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $43.86, for a total transaction of $219,300.00. Following the transaction, the insider now owns 30,373 shares in the company, valued at $1,332,159.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,822 shares of company stock worth $519,123. Company insiders own 0.33% of the company’s stock.
NYSE GWB opened at $36.26 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.95 and a beta of 1.58. Great Western Bancorp Inc has a one year low of $31.54 and a one 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 analysts’ consensus estimates of $0.78 by ($0.06). Great Western Bancorp had a net margin of 28.43% and a return on equity of 9.51%. The business had revenue of $121.25 million during the quarter, compared to analyst estimates of $125.89 million. Equities analysts anticipate that Great Western Bancorp Inc will post 3.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Friday, November 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. Great Western Bancorp’s dividend payout ratio (DPR) is 34.48%.
A number of research analysts have commented on the stock. Zacks Investment Research lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. ValuEngine upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.57.
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About Great Western Bancorp
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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