First National Bank of Omaha increased its stake in shares of Great Western Bancorp Inc (NYSE:GWB) by 16.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,700 shares of the bank’s stock after acquiring an additional 4,475 shares during the period. First National Bank of Omaha’s holdings in Great Western Bancorp were worth $1,262,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc acquired a new position in Great Western Bancorp during the 4th quarter worth approximately $289,000. Aperio Group LLC lifted its position in Great Western Bancorp by 11.9% during the 4th quarter. Aperio Group LLC now owns 13,215 shares of the bank’s stock worth $526,000 after acquiring an additional 1,408 shares in the last quarter. Comerica Bank lifted its position in Great Western Bancorp by 30.2% during the 4th quarter. Comerica Bank now owns 229,444 shares of the bank’s stock worth $10,114,000 after acquiring an additional 53,236 shares in the last quarter. LSV Asset Management raised its position in shares of Great Western Bancorp by 31.3% in the 4th quarter. LSV Asset Management now owns 286,700 shares of the bank’s stock valued at $11,410,000 after purchasing an additional 68,300 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Great Western Bancorp by 4.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 1,104,579 shares of the bank’s stock valued at $43,962,000 after purchasing an additional 46,614 shares in the last quarter.
GWB has been the topic of a number of recent analyst reports. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine lowered Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Deutsche Bank upped their target price on Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 target price on shares of Great Western Bancorp in a research report on Friday, October 27th. Finally, B. Riley lowered 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Great Western Bancorp currently has a consensus rating of “Hold” and a consensus price target of $46.50.
Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.09. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. The business had revenue of $117.30 million during the quarter, compared to the consensus estimate of $118.85 million. During the same period in the previous year, the business earned $0.63 EPS. sell-side analysts predict that Great Western Bancorp Inc will post 2.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th will be issued a $0.20 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.96%. Great Western Bancorp’s dividend payout ratio (DPR) is 34.48%.
In other news, insider Kenneth James Karels sold 1,510 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $45.00, for a total value of $67,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen John Ulenberg sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $41.81, for a total value of $125,430.00. Following the completion of the sale, the executive vice president now owns 12,736 shares of the company’s stock, valued at $532,492.16. The disclosure for this sale can be found here. Insiders sold a total of 6,775 shares of company stock valued at $285,271 over the last quarter. Company insiders own 0.33% of the company’s stock.
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Great Western Bancorp Company 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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