Great Western Bancorp, Inc. (NYSE:GWB) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 1.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 115,237 shares of the bank’s stock after buying an additional 1,804 shares during the quarter. Public Sector Pension Investment Board’s holdings in Great Western Bancorp were worth $3,779,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GWB. Cramer Rosenthal Mcglynn LLC purchased a new stake in Great Western Bancorp during the 1st quarter valued at about $37,489,000. Janus Henderson Group PLC purchased a new stake in Great Western Bancorp during the 1st quarter valued at about $34,573,000. Peregrine Capital Management LLC purchased a new stake in Great Western Bancorp during the 2nd quarter valued at about $15,386,000. Federated Hermes Inc. purchased a new stake in Great Western Bancorp during the 1st quarter valued at about $4,598,000. Finally, Bank of Montreal Can grew its stake in Great Western Bancorp by 29.0% during the 2nd quarter. Bank of Montreal Can now owns 495,602 shares of the bank’s stock valued at $16,830,000 after purchasing an additional 111,274 shares during the last quarter. 98.62% of the stock is currently owned by institutional investors.

Several research firms have weighed in on GWB. Royal Bank of Canada downgraded Great Western Bancorp from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $35.00 to $33.00 in a research note on Friday, September 17th. Zacks Investment Research downgraded Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 30th. Finally, DA Davidson downgraded Great Western Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $36.00 in a research note on Friday, September 17th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.75.

Shares of GWB opened at $33.15 on Thursday. Great Western Bancorp, Inc. has a 52 week low of $12.45 and a 52 week high of $35.20. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.28 and a beta of 1.23. The stock’s 50-day moving average price is $31.52 and its 200-day moving average price is $32.01.

Great Western Bancorp (NYSE:GWB) last issued its earnings results on Wednesday, July 28th. The bank reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.31. Great Western Bancorp had a return on equity of 14.49% and a net margin of 33.10%. The firm had revenue of $116.83 million for the quarter, compared to the consensus estimate of $118.46 million. As a group, equities analysts anticipate that Great Western Bancorp, Inc. will post 3.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Friday, August 13th were paid a $0.05 dividend. This is an increase from Great Western Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, August 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. Great Western Bancorp’s dividend payout ratio is presently 12.50%.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as a bank holding company. The firm engages in the provision of relationship-based business and agri-business banking services. It also offers deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers.

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

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