Wedge Capital Management L L P NC Cuts Stock Position in Great Western Bancorp Inc (NYSE:GWB)

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Wedge Capital Management L L P NC decreased its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 818,688 shares of the bank’s stock after selling 27,312 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Great Western Bancorp were worth $28,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in Great Western Bancorp by 9,195.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,041,809 shares of the bank’s stock valued at $37,213,000 after purchasing an additional 1,030,601 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Great Western Bancorp in the second quarter valued at about $36,193,000. Millennium Management LLC purchased a new position in Great Western Bancorp in the third quarter valued at about $7,546,000. Macquarie Group Ltd. lifted its stake in shares of Great Western Bancorp by 3.5% during the second quarter. Macquarie Group Ltd. now owns 4,477,428 shares of the bank’s stock worth $159,934,000 after purchasing an additional 149,744 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Great Western Bancorp by 86.7% during the second quarter. AQR Capital Management LLC now owns 187,191 shares of the bank’s stock worth $6,686,000 after purchasing an additional 86,950 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 4,071 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $34.00, for a total value of $138,414.00. Following the transaction, the chief financial officer now directly owns 25,890 shares of the company’s stock, valued at approximately $880,260. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kenneth James Karels sold 35,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were 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 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.

Shares of GWB stock opened at $34.20 on Thursday. Great Western Bancorp Inc has a twelve month low of $28.06 and a twelve month high of $38.78. The company has a market capitalization of $1.93 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 2.96 and a beta of 1.63. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $34.63 and a 200-day simple moving average of $33.51.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $121.73 million for the quarter, compared to analyst estimates of $123.57 million. Great Western Bancorp had a net margin of 27.73% and a return on equity of 9.01%. During the same quarter in the previous year, the business posted $0.72 EPS. Equities research analysts predict that Great Western Bancorp Inc will post 3.01 EPS for the current year.

A number of equities research analysts have recently issued reports on GWB shares. ValuEngine upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Stephens downgraded Great Western Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price on the stock. in a report on Thursday, December 19th. TheStreet lowered Great Western Bancorp from a “b” rating to a “c+” rating in a research report on Monday, December 2nd. Finally, Zacks Investment Research cut Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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