Piedmont Investment Advisors LLC purchased a new position in shares of Great Western Bancorp, Inc. (NYSE:GWB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,690 shares of the bank’s stock, valued at approximately $518,000.

A number of other large investors have also recently added to or reduced their stakes in GWB. BlackRock Inc. lifted its stake in Great Western Bancorp by 49,025.7% during the first quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock worth $305,533,000 after purchasing an additional 7,189,614 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Great Western Bancorp by 28.0% during the second quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock worth $105,490,000 after purchasing an additional 565,508 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Great Western Bancorp by 13.4% during the second quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock worth $134,895,000 after purchasing an additional 389,922 shares in the last quarter. Tributary Capital Management LLC acquired a new position in Great Western Bancorp during the second quarter worth $13,169,000. Finally, Dimensional Fund Advisors LP lifted its stake in Great Western Bancorp by 32.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,082 shares of the bank’s stock worth $53,710,000 after purchasing an additional 320,067 shares in the last quarter.

Shares of Great Western Bancorp, Inc. (GWB) opened at 40.99 on Thursday. Great Western Bancorp, Inc. has a 52 week low of $31.51 and a 52 week high of $45.62. The stock has a 50 day moving average price of $38.32 and a 200 day moving average price of $39.35. The firm has a market capitalization of $2.41 billion, a PE ratio of 17.16 and a beta of 1.75.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The company had revenue of $114.22 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts forecast that Great Western Bancorp, Inc. will post $2.43 earnings per share for the current fiscal year.

In related news, EVP Stephen John Ulenberg sold 5,397 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.22, for a total transaction of $217,067.34. Following the completion of the sale, the executive vice president now directly owns 20,505 shares of the company’s stock, valued at approximately $824,711.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bryan Leighton Kindopp sold 1,304 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total transaction of $52,433.84. Following the sale, the insider now directly owns 4,217 shares of the company’s stock, valued at $169,565.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,320 shares of company stock valued at $1,134,205. 0.23% of the stock is owned by corporate insiders.

A number of research analysts have commented on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price target on shares of Great Western Bancorp in a research note on Thursday, September 28th. ValuEngine upgraded Great Western Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. TheStreet cut Great Western Bancorp from a “b” rating to a “c” rating in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $46.00 price target on shares of Great Western Bancorp in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.14.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/12690-shares-in-great-western-bancorp-inc-gwb-purchased-by-piedmont-investment-advisors-llc/1641051.html.

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.

Want to see what other hedge funds are holding GWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Western Bancorp, Inc. (NYSE:GWB).

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

Receive News & Ratings for Great Western Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Western Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.