Westwood Holdings Group Inc. trimmed its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 892,156 shares of the bank’s stock after selling 74,022 shares during the period. Westwood Holdings Group Inc.’s holdings in Great Western Bancorp were worth $31,868,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FTB Advisors Inc. boosted its position in Great Western Bancorp by 50.3% during the second quarter. FTB Advisors Inc. now owns 1,160 shares of the bank’s stock valued at $41,000 after buying an additional 388 shares during the period. Marshall Wace North America L.P. boosted its position in Great Western Bancorp by 55.6% during the first quarter. Marshall Wace North America L.P. now owns 2,519 shares of the bank’s stock valued at $79,000 after buying an additional 900 shares during the period. Meeder Asset Management Inc. purchased a new stake in Great Western Bancorp during the second quarter valued at about $153,000. Texas Yale Capital Corp. purchased a new stake in Great Western Bancorp during the second quarter valued at about $212,000. Finally, Pitcairn Co. purchased a new stake in Great Western Bancorp during the second quarter valued at about $271,000.
Shares of Great Western Bancorp stock traded up $0.18 during trading on Friday, reaching $32.70. 210,584 shares of the stock were exchanged, compared to its average volume of 279,094. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average is $30.73 and its 200 day moving average is $33.12. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.68 and a beta of 1.68. Great Western Bancorp Inc has a 1 year low of $28.06 and a 1 year high of $44.60.
The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.67%. Great Western Bancorp’s dividend payout ratio is currently 41.38%.
GWB has been the subject of several analyst reports. Piper Jaffray Companies set a $36.00 price target on shares of Great Western Bancorp and gave the company a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Great Western Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 5th. TheStreet lowered shares of Great Western Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada set a $38.00 price target on shares of Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.00.
In other news, Director Thomas Edward Henning bought 2,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $28.92 per share, for a total transaction of $57,840.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.
About Great Western Bancorp
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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