Rhumbline Advisers Trims Holdings in Great Western Bancorp, Inc. (NYSE:GWB)

Rhumbline Advisers lessened its stake in Great Western Bancorp, Inc. (NYSE:GWB) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 174,410 shares of the bank’s stock after selling 10,543 shares during the quarter. Rhumbline Advisers’ holdings in Great Western Bancorp were worth $5,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Great Western Bancorp during the 1st quarter worth $1,124,000. Canada Pension Plan Investment Board bought a new position in shares of Great Western Bancorp during the first quarter worth about $1,060,000. Profund Advisors LLC bought a new position in shares of Great Western Bancorp during the first quarter worth about $202,000. Cullen Capital Management LLC increased its holdings in Great Western Bancorp by 160.3% in the first quarter. Cullen Capital Management LLC now owns 51,101 shares of the bank’s stock valued at $1,548,000 after buying an additional 31,466 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Great Western Bancorp during the first quarter valued at approximately $2,726,000. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 28th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.50.

GWB stock opened at $28.08 on Wednesday. Great Western Bancorp, Inc. has a fifty-two week low of $11.80 and a fifty-two week high of $35.18. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.55 billion, a PE ratio of 9.55 and a beta of 1.30. The firm’s 50-day simple moving average is $30.57 and its 200 day simple moving average is $31.82.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Wednesday, July 28th. The bank reported $1.06 EPS for the quarter, beating the consensus estimate of $0.75 by $0.31. Great Western Bancorp had a return on equity of 14.49% and a net margin of 33.10%. The firm had revenue of $116.83 million for the quarter, compared to analysts’ expectations of $118.46 million. Equities analysts forecast that Great Western Bancorp, Inc. will post 3.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Friday, August 13th were paid a dividend of $0.05 per share. This is a boost from Great Western Bancorp’s previous quarterly dividend of $0.01. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, August 12th. Great Western Bancorp’s payout ratio is currently 12.50%.

About Great Western Bancorp

Great Western Bancorp, Inc operates as a bank holding company. The firm engages in the provision of relationship-based business and agri-business banking services. It also offers deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers.

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

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