Principal Financial Group Inc. boosted its stake in Great Western Bancorp Inc. (NYSE:GWB) by 47.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,242,340 shares of the company’s stock after buying an additional 399,083 shares during the period. Principal Financial Group Inc. owned 2.12% of Great Western Bancorp worth $39,184,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GWB. Victory Capital Management Inc. raised its stake in Great Western Bancorp by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,196 shares of the company’s stock valued at $101,000 after buying an additional 1,395 shares during the period. Acrospire Investment Management LLC purchased a new stake in Great Western Bancorp during the first quarter valued at $240,000. Teacher Retirement System of Texas raised its stake in Great Western Bancorp by 27.6% in the second quarter. Teacher Retirement System of Texas now owns 8,245 shares of the company’s stock valued at $260,000 after buying an additional 1,785 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Great Western Bancorp during the second quarter valued at $290,000. Finally, American Financial Group Inc. raised its stake in Great Western Bancorp by 10.4% in the first quarter. American Financial Group Inc. now owns 11,326 shares of the company’s stock valued at $309,000 after buying an additional 1,071 shares during the period.

Shares of Great Western Bancorp Inc. (NYSE:GWB) traded up 1.00% during midday trading on Tuesday, reaching $32.36. 81,362 shares of the company’s stock traded hands. Great Western Bancorp Inc. has a 52-week low of $22.68 and a 52-week high of $35.01. The company has a 50 day moving average of $32.84 and a 200 day moving average of $31.33. The firm has a market cap of $1.90 billion, a PE ratio of 14.95 and a beta of 1.67.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.05. Great Western Bancorp had a net margin of 29.00% and a return on equity of 8.54%. During the same period last year, the company posted $0.50 EPS. On average, equities analysts predict that Great Western Bancorp Inc. will post $2.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Friday, August 12th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, August 10th. Great Western Bancorp’s dividend payout ratio is currently 25.93%.

A number of brokerages recently commented on GWB. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, August 2nd. Deutsche Bank AG raised their price objective on shares of Great Western Bancorp from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of Great Western Bancorp in a report on Saturday, July 9th. Keefe, Bruyette & Woods raised their price objective on shares of Great Western Bancorp from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Finally, Credit Suisse Group AG restated a “sell” rating on shares of Great Western Bancorp in a report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $36.60.

About Great Western Bancorp

Great Western Bancorp, Inc is a bank holding company. The Company’s primary business is the ownership of its subsidiary, Great Western Bank (the Bank), which is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services.

5 Day Chart for NYSE:GWB

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