IndexIQ Advisors LLC Reduces Stock Position in Great Western Bancorp Inc (NYSE:GWB)

IndexIQ Advisors LLC cut its stake in Great Western Bancorp Inc (NYSE:GWB) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,677 shares of the bank’s stock after selling 8,150 shares during the period. IndexIQ Advisors LLC’s holdings in Great Western Bancorp were worth $892,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Mason Street Advisors LLC increased its holdings in Great Western Bancorp by 1.7% in the third quarter. Mason Street Advisors LLC now owns 19,334 shares of the bank’s stock valued at $638,000 after buying an additional 328 shares in the last quarter. First National Bank of Omaha increased its stake in shares of Great Western Bancorp by 1.0% during the 3rd quarter. First National Bank of Omaha now owns 44,644 shares of the bank’s stock worth $1,474,000 after purchasing an additional 432 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of Great Western Bancorp by 5.6% during the 3rd quarter. First Mercantile Trust Co. now owns 8,367 shares of the bank’s stock worth $277,000 after purchasing an additional 443 shares in the last quarter. Strs Ohio increased its stake in shares of Great Western Bancorp by 0.5% during the 3rd quarter. Strs Ohio now owns 116,000 shares of the bank’s stock worth $3,828,000 after purchasing an additional 600 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Great Western Bancorp by 6.5% during the 4th quarter. US Bancorp DE now owns 16,002 shares of the bank’s stock worth $556,000 after purchasing an additional 972 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

In related news, CFO Peter Robert Chapman sold 4,071 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $34.00, for a total transaction of $138,414.00. Following the sale, the chief financial officer now owns 25,890 shares in the company, valued at $880,260. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

GWB has been the subject of a number of recent research reports. Stephens cut shares of Great Western Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research note on Thursday, December 19th. Royal Bank of Canada dropped their price objective on shares of Great Western Bancorp from $39.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. TheStreet cut shares of Great Western Bancorp from a “b” rating to a “c+” rating in a research note on Monday, December 2nd. Raymond James initiated coverage on shares of Great Western Bancorp in a research note on Thursday, January 16th. They set a “market perform” rating for the company. Finally, Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.25.

Shares of GWB opened at $30.82 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $32.63 and a 200-day simple moving average of $33.02. Great Western Bancorp Inc has a 1-year low of $28.06 and a 1-year high of $38.78. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 4.51 and a beta of 1.62.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Great Western Bancorp had a net margin of 27.38% and a return on equity of 8.77%. The business had revenue of $120.91 million during the quarter, compared to analysts’ expectations of $123.05 million. During the same period last year, the company posted $0.79 EPS. On average, equities analysts expect that Great Western Bancorp Inc will post 2.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 11th. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. Great Western Bancorp’s dividend payout ratio (DPR) is currently 40.82%.

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.

Read More: Equal Weight Rating

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

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