Great Western Bancorp Inc (NYSE:GWB) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its position in Great Western Bancorp Inc (NYSE:GWB) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,884 shares of the bank’s stock after acquiring an additional 1,616 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.14% of Great Western Bancorp worth $2,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 361 Capital LLC purchased a new stake in Great Western Bancorp in the first quarter valued at approximately $2,461,000. Oregon Public Employees Retirement Fund lifted its stake in Great Western Bancorp by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,333 shares of the bank’s stock valued at $705,000 after buying an additional 403 shares during the last quarter. Mason Street Advisors LLC lifted its stake in Great Western Bancorp by 2.1% in the first quarter. Mason Street Advisors LLC now owns 18,286 shares of the bank’s stock valued at $578,000 after buying an additional 378 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Great Western Bancorp in the first quarter valued at approximately $251,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Great Western Bancorp in the first quarter valued at approximately $303,000. 99.45% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. DA Davidson reiterated a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th.

NYSE GWB traded up $0.64 on Friday, reaching $35.72. The stock had a trading volume of 428,434 shares, compared to its average volume of 303,881. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.95 and a current ratio of 0.95. Great Western Bancorp Inc has a 12-month low of $29.52 and a 12-month high of $44.60. The company’s 50-day moving average is $33.36. The firm has a market capitalization of $2.00 billion, a PE ratio of 12.32, a P/E/G ratio of 1.50 and a beta of 1.62.

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

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.

Further Reading: What are different types of coverage ratios?

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

Receive News & Ratings for Great Western Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Western Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.