AQR Capital Management LLC cut its stake in shares of Great Western Bancorp Inc (NYSE:GWB) by 22.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,141 shares of the bank’s stock after selling 40,539 shares during the quarter. AQR Capital Management LLC owned approximately 0.25% of Great Western Bancorp worth $2,829,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Great Western Bancorp by 3.3% in the 1st quarter. BlackRock Inc. now owns 8,194,690 shares of the bank’s stock worth $167,827,000 after purchasing an additional 261,787 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Great Western Bancorp by 3.6% in the 4th quarter. Macquarie Group Ltd. now owns 4,963,930 shares of the bank’s stock worth $172,447,000 after purchasing an additional 171,234 shares in the last quarter. Mairs & Power INC lifted its holdings in Great Western Bancorp by 1.1% in the 4th quarter. Mairs & Power INC now owns 2,441,830 shares of the bank’s stock worth $84,829,000 after purchasing an additional 26,650 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Great Western Bancorp by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 2,392,537 shares of the bank’s stock worth $48,999,000 after purchasing an additional 49,286 shares in the last quarter. Finally, State Street Corp lifted its holdings in Great Western Bancorp by 9.9% in the 1st quarter. State Street Corp now owns 2,320,860 shares of the bank’s stock worth $47,531,000 after purchasing an additional 209,886 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.
GWB has been the topic of a number of research analyst reports. DA Davidson cut Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Tuesday, March 31st. TheStreet cut Great Western Bancorp from a “c” rating to a “d” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. cut Great Western Bancorp from a “neutral” rating to an “underweight” rating and set a $15.00 price target on the stock. in a report on Monday, May 4th. ValuEngine cut Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 25th. Finally, Keefe, Bruyette & Woods cut Great Western Bancorp from an “outperform” rating to a “market perform” rating and set a $26.00 price objective on the stock. in a report on Wednesday, April 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.71.
Shares of Great Western Bancorp stock opened at $13.79 on Wednesday. The stock’s fifty day moving average is $14.14 and its two-hundred day moving average is $23.58. The company has a market capitalization of $758.64 million, a PE ratio of -1.24, a price-to-earnings-growth ratio of 4.59 and a beta of 1.16. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. Great Western Bancorp Inc has a 52 week low of $10.86 and a 52 week high of $36.65.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, April 30th. The bank reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.06). The business had revenue of $126.67 million during the quarter, compared to the consensus estimate of $116.28 million. Great Western Bancorp had a negative net margin of 107.84% and a positive return on equity of 8.76%. The business’s revenue was down 17.5% compared to the same quarter last year. During the same period last year, the company earned $0.79 EPS. As a group, research analysts anticipate that Great Western Bancorp Inc will post 1.31 earnings per share for the current year.
Great Western Bancorp Company 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.
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