Mesirow Financial Investment Management Equity Management lowered its stake in Great Western Bancorp, Inc. (NYSE:GWB) by 0.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 432,370 shares of the bank’s stock after selling 3,065 shares during the period. Mesirow Financial Investment Management Equity Management owned 0.73% of Great Western Bancorp worth $17,644,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Great Western Bancorp by 49,025.7% in the first quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after buying an additional 7,189,614 shares during the period. Bank of New York Mellon Corp raised its stake in Great Western Bancorp by 162.4% in the first quarter. Bank of New York Mellon Corp now owns 2,019,379 shares of the bank’s stock valued at $85,642,000 after buying an additional 1,249,865 shares during the period. Tributary Capital Management LLC acquired a new stake in Great Western Bancorp during the second quarter valued at $13,169,000. Dimensional Fund Advisors LP raised its stake in Great Western Bancorp by 45.8% in the first quarter. Dimensional Fund Advisors LP now owns 996,015 shares of the bank’s stock valued at $42,241,000 after buying an additional 312,833 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Great Western Bancorp by 7.4% in the first quarter. Macquarie Group Ltd. now owns 2,915,520 shares of the bank’s stock valued at $123,647,000 after buying an additional 200,195 shares during the period.
Great Western Bancorp, Inc. (NYSE:GWB) traded down 0.30% on Friday, reaching $36.19. The company’s stock had a trading volume of 164,036 shares. The company’s 50 day moving average price is $39.29 and its 200-day moving average price is $40.89. Great Western Bancorp, Inc. has a 12-month low of $31.51 and a 12-month high of $45.62. The stock has a market cap of $2.13 billion, a PE ratio of 15.15 and a beta of 1.69.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.03. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The company had revenue of $114.22 million for the quarter, compared to analyst estimates of $117.10 million. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts expect that Great Western Bancorp, Inc. will post $2.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Friday, August 11th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. Great Western Bancorp’s payout ratio is 33.47%.
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A number of brokerages have recently commented on GWB. BidaskClub lowered Great Western Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 price target on shares of Great Western Bancorp in a research note on Friday, July 28th. J P Morgan Chase & Co downgraded Great Western Bancorp from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $47.00 in a research report on Friday, April 28th. Piper Jaffray Companies restated a “hold” rating and set a $41.00 price objective on shares of Great Western Bancorp in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $45.56.
In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 766 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the completion of the sale, the insider now owns 300 shares in the company, valued at approximately $12,285. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.
About Great Western Bancorp
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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