Congress Asset Management Co. MA grew its position in Great Western Bancorp Inc (NYSE:GWB) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,294 shares of the bank’s stock after acquiring an additional 760 shares during the quarter. Congress Asset Management Co. MA’s holdings in Great Western Bancorp were worth $665,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in GWB. Federated Investors Inc. PA raised its stake in shares of Great Western Bancorp by 7,405.9% in the third quarter. Federated Investors Inc. PA now owns 1,276 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,259 shares during the period. Advisors Asset Management Inc. purchased a new position in Great Western Bancorp in the 3rd quarter worth about $127,000. Tower Research Capital LLC TRC purchased a new position in Great Western Bancorp in the 3rd quarter worth about $248,000. Paloma Partners Management Co purchased a new position in Great Western Bancorp in the 3rd quarter worth about $268,000. Finally, GSA Capital Partners LLP purchased a new position in Great Western Bancorp in the 3rd quarter worth about $283,000.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Friday, October 5th. ValuEngine downgraded shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Piper Jaffray Companies set a $38.00 price target on shares of Great Western Bancorp and gave the stock a “hold” rating in a research note on Friday, January 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.25.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, January 24th. The bank reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company had revenue of $121.61 million for the quarter, compared to the consensus estimate of $124.10 million. Great Western Bancorp had a net margin of 30.47% and a return on equity of 9.62%. During the same quarter last year, the firm posted $0.72 EPS. On average, equities research analysts expect that Great Western Bancorp Inc will post 3.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, February 7th. Great Western Bancorp’s payout ratio is 34.48%.
In other Great Western Bancorp news, CFO Peter Robert Chapman sold 3,450 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $33.98, for a total transaction of $117,231.00. Following the transaction, the chief financial officer now directly owns 21,423 shares in the company, valued at approximately $727,953.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.
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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 agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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