Alliancebernstein L.P. Sells 1,593 Shares of Great Western Bancorp, Inc. (NYSE:GWB)

Alliancebernstein L.P. cut its holdings in Great Western Bancorp, Inc. (NYSE:GWB) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,223 shares of the bank’s stock after selling 1,593 shares during the period. Alliancebernstein L.P. owned 0.16% of Great Western Bancorp worth $2,733,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Great Western Bancorp by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,787 shares of the bank’s stock worth $690,000 after purchasing an additional 400 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Great Western Bancorp by 2.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 19,814 shares of the bank’s stock worth $414,000 after purchasing an additional 494 shares during the period. Signaturefd LLC increased its stake in shares of Great Western Bancorp by 76.9% in the fourth quarter. Signaturefd LLC now owns 1,203 shares of the bank’s stock worth $25,000 after purchasing an additional 523 shares during the period. CWM LLC increased its stake in shares of Great Western Bancorp by 39.0% in the first quarter. CWM LLC now owns 2,572 shares of the bank’s stock worth $78,000 after purchasing an additional 722 shares during the period. Finally, Aperio Group LLC increased its stake in Great Western Bancorp by 2.2% during the fourth quarter. Aperio Group LLC now owns 53,648 shares of the bank’s stock valued at $1,121,000 after acquiring an additional 1,173 shares during the period. Institutional investors and hedge funds own 97.74% of the company’s stock.

NYSE GWB opened at $33.77 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $32.88. The firm has a market capitalization of $1.86 billion, a P/E ratio of 17.06 and a beta of 1.32. Great Western Bancorp, Inc. has a 1-year low of $11.66 and a 1-year high of $35.10.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Wednesday, April 28th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The company had revenue of $120.06 million for the quarter, compared to the consensus estimate of $118.58 million. Great Western Bancorp had a return on equity of 9.73% and a net margin of 22.88%. During the same period in the previous year, the business earned $0.52 earnings per share. Equities analysts expect that Great Western Bancorp, Inc. will post 3.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 14th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, May 13th. Great Western Bancorp’s payout ratio is 2.50%.

Several brokerages recently issued reports on GWB. TheStreet upgraded Great Western Bancorp from a “d” rating to a “b-” rating in a research note on Thursday, April 29th. Zacks Investment Research lowered Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.00.

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.

Recommended Story: The components of the Stochastic Momentum Index

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.