Russell Investments Group Ltd. Boosts Stake in Great Western Bancorp Inc (GWB)

Russell Investments Group Ltd. lifted its holdings in Great Western Bancorp Inc (NYSE:GWB) by 37.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 216,931 shares of the bank’s stock after buying an additional 59,119 shares during the period. Russell Investments Group Ltd. owned about 0.37% of Great Western Bancorp worth $8,955,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Comerica Bank increased its holdings in shares of Great Western Bancorp by 0.8% in the 3rd quarter. Comerica Bank now owns 176,208 shares of the bank’s stock worth $7,207,000 after buying an additional 1,316 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Great Western Bancorp by 17.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock worth $125,698,000 after buying an additional 460,107 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Great Western Bancorp by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 120,034 shares of the bank’s stock worth $4,955,000 after buying an additional 2,817 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Great Western Bancorp by 48.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 25,100 shares of the bank’s stock worth $1,036,000 after buying an additional 8,160 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Great Western Bancorp by 86.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 34,593 shares of the bank’s stock worth $1,428,000 after buying an additional 16,085 shares during the last quarter.

In other news, insider Bryan Leighton Kindopp sold 1,304 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the sale, the insider now owns 4,217 shares of the company’s stock, valued at approximately $169,565.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth James Karels sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $41.09, for a total transaction of $986,160.00. Following the completion of the sale, the insider now directly owns 53,702 shares of the company’s stock, valued at approximately $2,206,615.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,545 shares of company stock valued at $2,921,722. 0.23% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on GWB. ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. B. Riley downgraded shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Piper Jaffray Companies reiterated a “hold” rating and set a $40.00 price target on shares of Great Western Bancorp in a report on Friday, October 27th. Finally, FBR & Co downgraded shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Great Western Bancorp has an average rating of “Hold” and an average target price of $45.22.

Great Western Bancorp Inc (NYSE:GWB) traded up $0.02 during trading on Thursday, reaching $40.84. 240,700 shares of the company’s stock traded hands, compared to its average volume of 295,636. The stock has a market cap of $2,402.42, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. Great Western Bancorp Inc has a 12 month low of $33.27 and a 12 month high of $45.62.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.80 annualized dividend and a yield of 1.96%. Great Western Bancorp’s dividend payout ratio (DPR) is 32.52%.

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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.

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

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