Hsbc Holdings PLC Takes Position in Great Western Bancorp Inc (GWB)

Hsbc Holdings PLC bought a new stake in shares of Great Western Bancorp Inc (NYSE:GWB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 74,424 shares of the bank’s stock, valued at approximately $2,325,000.

Several other large investors have also recently bought and sold shares of GWB. Great West Life Assurance Co. Can boosted its holdings in Great Western Bancorp by 3.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 76,268 shares of the bank’s stock valued at $2,200,000 after purchasing an additional 2,840 shares in the last quarter. HAP Trading LLC acquired a new position in Great Western Bancorp in the fourth quarter valued at approximately $354,000. Citigroup Inc. boosted its holdings in Great Western Bancorp by 44.5% in the fourth quarter. Citigroup Inc. now owns 56,197 shares of the bank’s stock valued at $1,756,000 after purchasing an additional 17,304 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Great Western Bancorp by 3.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,080 shares of the bank’s stock valued at $596,000 after purchasing an additional 630 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Great Western Bancorp by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 247,855 shares of the bank’s stock valued at $7,745,000 after purchasing an additional 1,474 shares in the last quarter. 99.63% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on GWB. Zacks Investment Research raised Great Western Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, February 15th. Piper Jaffray Companies set a $38.00 price target on Great Western Bancorp and gave the company a “hold” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.50.

Shares of GWB opened at $34.20 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $2.02 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.63. Great Western Bancorp Inc has a 52-week low of $29.52 and a 52-week high of $46.03.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $121.61 million during the quarter, compared to the consensus estimate of $124.10 million. Great Western Bancorp had a return on equity of 9.62% and a net margin of 30.47%. During the same period in the prior year, the company posted $0.72 earnings per share. On average, sell-side analysts predict that Great Western Bancorp Inc will post 3.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Thursday, February 7th. Great Western Bancorp’s payout ratio is currently 34.48%.

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

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