Employees Retirement System of Texas continued to hold its stake in Great Western Bancorp, Inc. (NYSE:GWB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,000 shares of the bank’s stock at the end of the 2nd quarter. Employees Retirement System of Texas owned 0.25% of Great Western Bancorp worth $5,917,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Great Western Bancorp by 106.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock worth $104,000 after purchasing an additional 1,263 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Great Western Bancorp by 2.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after purchasing an additional 88 shares in the last quarter. Strs Ohio increased its position in shares of Great Western Bancorp by 7.1% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after purchasing an additional 300 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Great Western Bancorp by 85.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after purchasing an additional 2,230 shares in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Great Western Bancorp during the 2nd quarter worth about $199,000.

Shares of Great Western Bancorp, Inc. (GWB) opened at 39.86 on Thursday. The firm’s 50-day moving average is $37.15 and its 200-day moving average is $39.43. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 16.69 and a beta of 1.75. Great Western Bancorp, Inc. has a one year low of $31.51 and a one year high of $45.62.

Great Western Bancorp (NYSE:GWB) last released 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 firm had revenue of $114.22 million during the quarter, compared to analyst estimates of $117.10 million. During the same period in the prior year, the company earned $0.59 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Analysts expect that Great Western Bancorp, Inc. will post $2.43 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Thursday, September 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $41.00 target price on shares of Great Western Bancorp in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $45.25.

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In other news, CEO Kenneth James Karels sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $39.66, for a total value of $475,920.00. Following the completion of the transaction, the chief executive officer now owns 62,130 shares of the company’s stock, valued at $2,464,075.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $52,433.84. Following the completion of the transaction, the insider now directly owns 4,217 shares of the company’s stock, valued at approximately $169,565.57. The disclosure for this sale can be found here. Insiders sold 25,707 shares of company stock valued at $1,027,203 in the last ninety days. 0.23% of the stock is currently owned by insiders.

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.

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

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