JPMorgan Chase & Co. Has $99.57 Million Stake in Great Western Bancorp Inc (GWB)

JPMorgan Chase & Co. decreased its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,436,336 shares of the bank’s stock after selling 9,330 shares during the quarter. JPMorgan Chase & Co. owned about 4.14% of Great Western Bancorp worth $99,572,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Great Western Bancorp by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock valued at $109,000 after buying an additional 223 shares in the last quarter. Flinton Capital Management LLC lifted its position in shares of Great Western Bancorp by 85.4% in the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock worth $125,000 after purchasing an additional 1,408 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Great Western Bancorp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,945 shares of the bank’s stock worth $161,000 after purchasing an additional 591 shares in the last quarter. Strs Ohio increased its holdings in Great Western Bancorp by 7.1% during the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after buying an additional 300 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in Great Western Bancorp by 85.8% during the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after buying an additional 2,230 shares during the last quarter.

A number of brokerages recently weighed in on GWB. Piper Jaffray Companies restated a “hold” rating and set a $40.00 target price on shares of Great Western Bancorp in a report on Friday, October 27th. ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Monday. FBR & Co downgraded shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, B. Riley downgraded shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.22.

Great Western Bancorp Inc (NYSE:GWB) traded up $0.42 during mid-day trading on Tuesday, hitting $41.49. 263,800 shares of the company traded hands, compared to its average volume of 295,772. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. Great Western Bancorp Inc has a fifty-two week low of $33.27 and a fifty-two week high of $45.62. The firm has a market capitalization of $2,417.13, a P/E ratio of 16.69, a PEG ratio of 2.06 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. The business had revenue of $116.50 million for the quarter, compared to the consensus estimate of $117.75 million. During the same period in the prior year, the company posted $0.57 earnings per share. equities research analysts anticipate that Great Western Bancorp Inc will post 2.6 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, November 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.93%. Great Western Bancorp’s dividend payout ratio (DPR) is currently 32.52%.

In other news, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.80, for a total value of $125,400.00. Following the completion of the transaction, the executive vice president now owns 14,136 shares of the company’s stock, valued at $590,884.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Robert Chapman sold 5,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $42.07, for a total transaction of $210,350.00. Following the completion of the transaction, the chief financial officer now directly owns 22,969 shares of the company’s stock, valued at approximately $966,305.83. The disclosure for this sale can be found here. Insiders sold 69,280 shares of company stock valued at $2,829,831 in the last three months. Company insiders own 0.19% of the company’s stock.

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Great Western Bancorp Company Profile

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

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

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