Louisiana State Employees Retirement System Grows Holdings in Great Western Bancorp Inc (GWB)

Louisiana State Employees Retirement System raised its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,300 shares of the bank’s stock after purchasing an additional 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Great Western Bancorp were worth $1,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its position in Great Western Bancorp by 8.1% during the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock valued at $147,562,000 after purchasing an additional 269,230 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Great Western Bancorp by 17.8% during the third quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock valued at $125,698,000 after purchasing an additional 460,107 shares during the last quarter. State Street Corp lifted its position in Great Western Bancorp by 10.6% during the second quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock valued at $110,148,000 after purchasing an additional 259,443 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in Great Western Bancorp by 13.3% during the second quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock valued at $73,157,000 after purchasing an additional 210,971 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in 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 valued at $66,805,000 after purchasing an additional 302,290 shares during the last quarter.

GWB has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $51.00 target price on shares of Great Western Bancorp in a report on Thursday. Royal Bank of Canada restated a “buy” rating and issued a $50.00 target price on shares of Great Western Bancorp in a report on Thursday. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, January 3rd. B. Riley lowered shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a report on Wednesday, November 1st. Finally, FBR & Co lowered shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Great Western Bancorp currently has an average rating of “Hold” and an average target price of $46.20.

In related news, EVP Stephen John Ulenberg sold 3,000 shares of the firm’s 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 transaction, the executive vice president now owns 14,136 shares of the company’s stock, valued at approximately $590,884.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Robert Chapman sold 2,265 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $40.57, for a total transaction of $91,891.05. Following the completion of the transaction, the chief financial officer now directly owns 16,964 shares in the company, valued at approximately $688,229.48. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Shares of Great Western Bancorp Inc (GWB) opened at $44.76 on Friday. The stock has a market cap of $2,596.14, a PE ratio of 18.20, a PEG ratio of 1.45 and a beta of 1.69. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43. Great Western Bancorp Inc has a twelve month low of $33.27 and a twelve month high of $45.62.

Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.09. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. During the same period last year, the firm posted $0.63 earnings per share. research analysts expect that Great Western Bancorp Inc will post 2.81 earnings per share for the current fiscal year.

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Great Western Bancorp 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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