Great Western Bancorp Inc (GWB) Shares Sold by KBC Group NV

KBC Group NV lowered its holdings in Great Western Bancorp Inc (NYSE:GWB) by 36.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,424 shares of the bank’s stock after selling 13,325 shares during the quarter. KBC Group NV’s holdings in Great Western Bancorp were worth $967,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in shares of Great Western Bancorp by 18.5% during the 2nd quarter. Citigroup Inc. now owns 71,552 shares of the bank’s stock worth $2,920,000 after purchasing an additional 11,161 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Great Western Bancorp by 4.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 619,306 shares of the bank’s stock worth $25,273,000 after purchasing an additional 23,795 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Great Western Bancorp by 1.5% during the 2nd quarter. Prudential Financial Inc. now owns 375,141 shares of the bank’s stock worth $15,310,000 after purchasing an additional 5,510 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Great Western Bancorp by 6.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock worth $99,807,000 after purchasing an additional 147,426 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Great Western Bancorp by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 113,770 shares of the bank’s stock worth $4,643,000 after purchasing an additional 9,507 shares in the last quarter.

Great Western Bancorp Inc (NYSE GWB) traded down $0.72 during trading on Friday, hitting $39.10. The company had a trading volume of 256,900 shares, compared to its average volume of 294,391. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $2,343.56, a P/E ratio of 16.19, a PEG ratio of 1.99 and a beta of 1.69. Great Western Bancorp Inc has a 1-year low of $33.27 and a 1-year high of $45.62.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, October 26th. The bank reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The business had revenue of $116.50 million during the quarter, compared to the consensus estimate of $117.75 million. During the same quarter last year, the company earned $0.57 EPS. sell-side analysts anticipate that Great Western Bancorp Inc will post 2.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th were given a $0.20 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.80 annualized dividend and a yield of 2.05%. Great Western Bancorp’s payout ratio is 32.52%.

In other Great Western Bancorp news, CEO Kenneth James Karels sold 12,000 shares of Great Western Bancorp stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $39.66, for a total value of $475,920.00. Following the completion of the transaction, the chief executive officer now owns 62,130 shares in the company, valued at approximately $2,464,075.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bryan Leighton Kindopp sold 1,304 shares of Great Western Bancorp stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the transaction, the insider now owns 4,217 shares of the company’s stock, valued at approximately $169,565.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,545 shares of company stock valued at $2,921,722. Corporate insiders own 0.23% of the company’s stock.

GWB has been the topic of several recent research reports. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. ValuEngine downgraded Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Thursday, September 28th. Deutsche Bank raised their target price on Great Western Bancorp from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $40.00 target price on shares of Great Western Bancorp in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $45.22.

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Great Western Bancorp Company Profile

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

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

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