Westwood Holdings Group Inc. Has $30.52 Million Stake in Great Western Bancorp Inc (NYSE:GWB)

Westwood Holdings Group Inc. grew its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 39.5% in the 1st quarter, Holdings Channel reports. The firm owned 966,178 shares of the bank’s stock after purchasing an additional 273,670 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Great Western Bancorp were worth $30,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. OppenheimerFunds Inc. lifted its holdings in shares of Great Western Bancorp by 11.8% during the 1st quarter. OppenheimerFunds Inc. now owns 22,965 shares of the bank’s stock valued at $726,000 after purchasing an additional 2,432 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Great Western Bancorp by 39.7% during the 1st quarter. State of Tennessee Treasury Department now owns 55,604 shares of the bank’s stock valued at $1,756,000 after buying an additional 15,804 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Great Western Bancorp during the 1st quarter valued at about $627,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Great Western Bancorp during the 1st quarter valued at about $263,000. Finally, NumerixS Investment Technologies Inc raised its stake in shares of Great Western Bancorp by 380.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the bank’s stock valued at $76,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 99.49% of the company’s stock.

Shares of NYSE:GWB traded down $0.14 during trading on Wednesday, reaching $32.81. 3,326 shares of the company’s stock traded hands, compared to its average volume of 346,551. Great Western Bancorp Inc has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.84 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, April 25th. The bank reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.01). Great Western Bancorp had a net margin of 30.31% and a return on equity of 9.75%. The business had revenue of $121.70 million for the quarter, compared to analyst estimates of $121.78 million. During the same quarter last year, the business earned $0.69 earnings per share. Great Western Bancorp’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Great Western Bancorp Inc will post 3.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 9th. This is a boost from Great Western Bancorp’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. Great Western Bancorp’s dividend payout ratio (DPR) is 41.38%.

A number of equities analysts have weighed in on GWB shares. Zacks Investment Research upgraded Great Western Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, February 15th. DA Davidson reiterated a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus 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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