Russell Investments Group Ltd. Acquires 59,119 Shares of Great Western Bancorp Inc (NYSE:GWB)

Russell Investments Group Ltd. grew its holdings in shares of Great Western Bancorp Inc (NYSE:GWB) by 37.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,931 shares of the bank’s stock after acquiring an additional 59,119 shares during the period. Russell Investments Group Ltd. owned about 0.37% of Great Western Bancorp worth $8,955,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Aperio Group LLC lifted its holdings in Great Western Bancorp by 6.0% in the second quarter. Aperio Group LLC now owns 12,077 shares of the bank’s stock worth $493,000 after acquiring an additional 682 shares during the last quarter. Strs Ohio raised its holdings in shares of Great Western Bancorp by 7.1% during the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Great Western Bancorp by 26.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,940 shares of the bank’s stock valued at $692,000 after buying an additional 3,530 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Great Western Bancorp by 3.5% during the second quarter. Great West Life Assurance Co. Can now owns 85,756 shares of the bank’s stock valued at $3,499,000 after buying an additional 2,930 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of Great Western Bancorp by 0.8% during the second quarter. Texas Permanent School Fund now owns 42,852 shares of the bank’s stock valued at $1,749,000 after buying an additional 358 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 transaction of $52,433.84. Following the transaction, the insider now directly owns 4,217 shares in the company, valued at $169,565.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Robert Chapman sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $40.57, for a total transaction of $91,891.05. Following the transaction, the chief financial officer now owns 16,964 shares in the company, valued at $688,229.48. The disclosure for this sale can be found here. In the last three months, insiders sold 71,545 shares of company stock worth $2,921,722. 0.23% of the stock is currently owned by insiders.

Several research analysts have issued reports on the stock. Deutsche Bank lifted their price target on shares of Great Western Bancorp from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. ValuEngine lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Thursday, September 28th. TheStreet lowered shares of Great Western Bancorp from a “b” rating to a “c” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.33.

Shares of Great Western Bancorp Inc (GWB) traded down $0.49 on Friday, reaching $39.80. 208,906 shares of the company traded hands, compared to its average volume of 240,418. The company has a market cap of $2,340.00, a P/E ratio of 16.24, a PEG ratio of 2.02 and a beta of 1.69. Great Western Bancorp Inc has a 12-month low of $33.27 and a 12-month high of $45.62. 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 (NYSE:GWB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.57 EPS. equities research analysts forecast that Great Western Bancorp Inc will post 2.6 EPS for the current year.

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About Great Western Bancorp

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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