BNP Paribas Arbitrage SA boosted its stake in Great Western Bancorp, Inc. (NYSE:GWB) by 56.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,508 shares of the bank’s stock after acquiring an additional 6,642 shares during the period. BNP Paribas Arbitrage SA’s holdings in Great Western Bancorp were worth $755,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Great Western Bancorp by 106.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock valued at $104,000 after buying an additional 1,263 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Great Western Bancorp by 2.7% in the 1st quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after purchasing an additional 88 shares during the last quarter. Strs Ohio raised its position in shares of Great Western Bancorp by 7.1% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after purchasing an additional 300 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in Great Western Bancorp in the 2nd quarter worth about $199,000. Finally, Koch Industries Inc. purchased a new position in Great Western Bancorp in the 1st quarter worth about $214,000.
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GWB has been the subject of a number of recent research reports. BidaskClub upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $46.00 price objective on shares of Great Western Bancorp in a research note on Friday, July 28th. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Stephens set a $46.00 price target on Great Western Bancorp and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, TheStreet downgraded Great Western Bancorp from a “b” rating to a “c” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Great Western Bancorp currently has an average rating of “Buy” and a consensus price target of $45.44.
Shares of Great Western Bancorp, Inc. (NYSE:GWB) opened at 36.15 on Friday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 15.14 and a beta of 1.71. The company’s 50-day moving average price is $36.78 and its 200 day moving average price is $39.95. Great Western Bancorp, Inc. has a 12-month low of $31.51 and a 12-month high of $45.62.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The company had revenue of $114.22 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same period last year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Great Western Bancorp, Inc. will post $2.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, August 9th. Great Western Bancorp’s payout ratio is 33.47%.
Great Western Bancorp 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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