77,892 Shares in Great Western Bancorp Inc (GWB) Acquired by 361 Capital LLC

361 Capital LLC bought a new stake in Great Western Bancorp Inc (NYSE:GWB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 77,892 shares of the bank’s stock, valued at approximately $2,461,000.

Several other hedge funds have also recently made changes to their positions in GWB. Morgan Stanley raised its holdings in Great Western Bancorp by 15.2% during the third quarter. Morgan Stanley now owns 294,220 shares of the bank’s stock valued at $12,414,000 after acquiring an additional 38,770 shares during the period. Bank of Montreal Can increased its holdings in shares of Great Western Bancorp by 9.2% in the fourth quarter. Bank of Montreal Can now owns 177,526 shares of the bank’s stock worth $5,547,000 after purchasing an additional 14,996 shares during the last quarter. Strs Ohio increased its holdings in shares of Great Western Bancorp by 15.3% in the fourth quarter. Strs Ohio now owns 131,300 shares of the bank’s stock worth $4,103,000 after purchasing an additional 17,400 shares during the last quarter. First Quadrant L P CA increased its holdings in shares of Great Western Bancorp by 51.0% in the fourth quarter. First Quadrant L P CA now owns 12,535 shares of the bank’s stock worth $392,000 after purchasing an additional 4,232 shares during the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in shares of Great Western Bancorp by 3.7% in the fourth quarter. Congress Asset Management Co. MA now owns 21,294 shares of the bank’s stock worth $665,000 after purchasing an additional 760 shares during the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.

Shares of GWB stock opened at $33.75 on Tuesday. Great Western Bancorp Inc has a 12-month low of $29.52 and a 12-month high of $46.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.92 billion, a PE ratio of 11.64, a PEG ratio of 1.44 and a beta of 1.62.

Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, April 25th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.01). Great Western Bancorp had a return on equity of 9.75% and a net margin of 30.31%. The firm had revenue of $121.70 million during the quarter, compared to the consensus estimate of $121.78 million. During the same period last year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts predict that Great Western Bancorp Inc will post 3.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.56%. This is a boost from Great Western Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, May 9th. Great Western Bancorp’s payout ratio is 41.38%.

Several brokerages have recently issued reports on GWB. DA Davidson reaffirmed a “buy” rating on shares of Great Western Bancorp in a report on Thursday, April 25th. Zacks Investment Research raised Great Western Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, February 15th. Finally, Piper Jaffray Companies set a $38.00 target price on Great Western Bancorp and gave the stock a “hold” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Great Western Bancorp presently has an average rating of “Hold” and an average target price of $41.33.

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

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