Miles Capital Inc. Purchases Shares of 8,947 Great Western Bancorp (NYSE:GWB)

Miles Capital Inc. bought a new stake in Great Western Bancorp (NYSE:GWB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,947 shares of the bank’s stock, valued at approximately $360,000.

Several other hedge funds have also bought and sold shares of GWB. BlackRock Inc. grew its holdings in shares of Great Western Bancorp by 3.4% in the fourth quarter. BlackRock Inc. now owns 7,582,407 shares of the bank’s stock valued at $301,779,000 after purchasing an additional 246,788 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Great Western Bancorp by 35.1% in the fourth quarter. Deutsche Bank AG now owns 391,301 shares of the bank’s stock valued at $15,571,000 after purchasing an additional 101,577 shares in the last quarter. Snow Capital Management LP grew its holdings in shares of Great Western Bancorp by 41.7% in the fourth quarter. Snow Capital Management LP now owns 276,602 shares of the bank’s stock valued at $11,009,000 after purchasing an additional 81,408 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Great Western Bancorp by 224.2% in the fourth quarter. Arizona State Retirement System now owns 98,885 shares of the bank’s stock valued at $3,936,000 after purchasing an additional 68,385 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Great Western Bancorp by 31.3% in the fourth 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.

Great Western Bancorp traded up $0.06, hitting $42.81, on Monday, according to Marketbeat.com. The company had a trading volume of 200 shares, compared to its average volume of 250,770. Great Western Bancorp has a 12-month low of $42.75 and a 12-month high of $42.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $2.52 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.29 and a beta of 1.57.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, April 26th. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Great Western Bancorp had a net margin of 27.33% and a return on equity of 8.86%. The company had revenue of $119.30 million during the quarter, compared to analysts’ expectations of $117.13 million. During the same quarter last year, the firm earned $0.60 EPS. Great Western Bancorp’s revenue for the quarter was up 7.3% on a year-over-year basis. sell-side analysts expect that Great Western Bancorp will post 2.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Shareholders of record on Friday, May 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, May 10th. This is a positive change from Great Western Bancorp’s previous quarterly dividend of $0.20. Great Western Bancorp’s payout ratio is 40.65%.

A number of analysts recently issued reports on GWB shares. ValuEngine upgraded Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Stephens reiterated a “buy” rating and set a $49.00 target price on shares of Great Western Bancorp in a research report on Friday, January 26th. Royal Bank of Canada reiterated a “buy” rating and set a $50.00 target price on shares of Great Western Bancorp in a research report on Thursday, January 25th. Zacks Investment Research upgraded Great Western Bancorp from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $51.00 target price on shares of Great Western Bancorp in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.22.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.

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

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