6,095 Shares in Great Western Bancorp (GWB) Acquired by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB bought a new position in shares of Great Western Bancorp (NYSE:GWB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,095 shares of the bank’s stock, valued at approximately $243,000.

Several other institutional investors have also modified their holdings of GWB. Legal & General Group Plc raised its holdings in shares of Great Western Bancorp by 2.1% during the third quarter. Legal & General Group Plc now owns 116,153 shares of the bank’s stock worth $4,796,000 after purchasing an additional 2,383 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Great Western Bancorp by 5.7% during the third quarter. Wells Fargo & Company MN now owns 298,790 shares of the bank’s stock worth $12,334,000 after purchasing an additional 16,023 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Great Western Bancorp by 3.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 318,480 shares of the bank’s stock worth $13,147,000 after purchasing an additional 11,298 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Great Western Bancorp by 23.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,618,372 shares of the bank’s stock worth $66,805,000 after purchasing an additional 302,290 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Great Western Bancorp by 18.3% during the third quarter. Stifel Financial Corp now owns 49,843 shares of the bank’s stock worth $2,057,000 after purchasing an additional 7,705 shares during the last quarter.

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Several research analysts recently issued reports on the stock. ValuEngine raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Stephens reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Great Western Bancorp in a report on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Great Western Bancorp in a report on Thursday, December 21st. Sandler O’Neill set a $46.00 price objective on shares of Great Western Bancorp and gave the company a “buy” rating in a report on Tuesday, March 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.30.

GWB opened at $39.53 on Monday. Great Western Bancorp has a fifty-two week low of $33.27 and a fifty-two week high of $45.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $2,328.17, a price-to-earnings ratio of 15.50, a PEG ratio of 1.19 and a beta of 1.57.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Great Western Bancorp had a net margin of 27.04% and a return on equity of 8.66%. The company had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $118.85 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. equities analysts anticipate that Great Western Bancorp will post 2.91 EPS for the current year.

In other news, insider Kenneth James Karels sold 1,510 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $45.00, for a total transaction of $67,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen John Ulenberg sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $41.81, for a total transaction of $125,430.00. Following the sale, the executive vice president now directly owns 12,736 shares of the company’s stock, valued at approximately $532,492.16. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

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Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.

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

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