Wells Fargo & Company MN Increases Position in Great Western Bancorp Inc (GWB)

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Wells Fargo & Company MN lifted its stake in shares of Great Western Bancorp Inc (NYSE:GWB) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,681 shares of the bank’s stock after purchasing an additional 38,343 shares during the quarter. Wells Fargo & Company MN owned 0.55% of Great Western Bancorp worth $13,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. OppenheimerFunds Inc. grew its holdings in shares of Great Western Bancorp by 13.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 20,014 shares of the bank’s stock valued at $840,000 after purchasing an additional 2,398 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Great Western Bancorp by 4.8% during the 2nd quarter. Voya Investment Management LLC now owns 631,242 shares of the bank’s stock valued at $26,506,000 after purchasing an additional 29,089 shares during the last quarter. FMR LLC grew its holdings in shares of Great Western Bancorp by 7.4% during the 2nd quarter. FMR LLC now owns 2,644,413 shares of the bank’s stock valued at $111,039,000 after purchasing an additional 182,494 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Great Western Bancorp during the 3rd quarter valued at approximately $472,000. Finally, United Services Automobile Association grew its holdings in shares of Great Western Bancorp by 16.2% during the 2nd quarter. United Services Automobile Association now owns 378,993 shares of the bank’s stock valued at $15,914,000 after purchasing an additional 52,720 shares during the last quarter.

NYSE:GWB opened at $34.55 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 0.98. Great Western Bancorp Inc has a one year low of $31.54 and a one year high of $46.03. The company has a market cap of $1.96 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, October 25th. The bank reported $0.72 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.06). Great Western Bancorp had a return on equity of 9.51% and a net margin of 28.43%. The business had revenue of $121.25 million for the quarter, compared to analyst estimates of $125.89 million. On average, analysts expect that Great Western Bancorp Inc will post 3.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Friday, November 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, November 8th. This represents a $1.00 annualized dividend and a yield of 2.89%. Great Western Bancorp’s dividend payout ratio is presently 34.48%.

In related news, CFO Peter Robert Chapman sold 3,450 shares of Great Western Bancorp stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $33.98, for a total transaction of $117,231.00. Following the sale, the chief financial officer now directly owns 21,423 shares in the company, valued at approximately $727,953.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas Richard Bass sold 876 shares of Great Western Bancorp stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $43.25, for a total transaction of $37,887.00. Following the sale, the insider now owns 18,204 shares in the company, valued at $787,323. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,722 shares of company stock worth $215,447. 0.33% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, August 29th. ValuEngine lowered shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, Piper Jaffray Companies set a $37.00 price target on shares of Great Western Bancorp and gave the company a “hold” rating in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.57.

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Great Western Bancorp 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.

See Also: Debt-To-Equity Ratio

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

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