First Mercantile Trust Co. grew its position in Great Western Bancorp Inc (NYSE:GWB) by 5.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,367 shares of the bank’s stock after acquiring an additional 443 shares during the period. First Mercantile Trust Co.’s holdings in Great Western Bancorp were worth $277,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FTB Advisors Inc. lifted its stake in shares of Great Western Bancorp by 50.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,160 shares of the bank’s stock valued at $41,000 after acquiring an additional 388 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of Great Western Bancorp in the 2nd quarter valued at $68,000. Meeder Asset Management Inc. bought a new position in shares of Great Western Bancorp in the 2nd quarter valued at $153,000. Texas Yale Capital Corp. bought a new position in shares of Great Western Bancorp in the 2nd quarter valued at $212,000. Finally, Pitcairn Co. bought a new position in shares of Great Western Bancorp in the 2nd quarter valued at $271,000. Institutional investors own 98.99% of the company’s stock.
Shares of NYSE:GWB opened at $35.83 on Friday. The firm has a market cap of $2.04 billion, a P/E ratio of 12.19, a P/E/G ratio of 3.14 and a beta of 1.69. The company has a quick ratio of 0.97, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. Great Western Bancorp Inc has a 12-month low of $28.06 and a 12-month high of $38.78. The business has a fifty day simple moving average of $34.04 and a 200 day simple moving average of $33.20.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, November 14th. Great Western Bancorp’s dividend payout ratio is currently 40.82%.
In related news, Director Thomas Edward Henning bought 2,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $28.92 per share, with a total value of $57,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth James Karels sold 35,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 26,662 shares of the company’s stock, valued at $959,832. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.
A number of research analysts have recently commented on GWB shares. TheStreet upgraded Great Western Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday. ValuEngine lowered Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Jaffray Companies set a $36.00 target price on Great Western Bancorp and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada set a $38.00 target price on Great Western Bancorp and gave the stock a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Great Western Bancorp presently has a consensus rating of “Hold” and a consensus target price of $37.00.
About Great Western Bancorp
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.
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