First Trust Advisors LP decreased its position in shares of Great Western Bancorp Inc (NYSE:GWB) by 53.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,070 shares of the bank’s stock after selling 19,286 shares during the period. First Trust Advisors LP’s holdings in Great Western Bancorp were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GWB. Strs Ohio increased its holdings in shares of Great Western Bancorp by 575.6% in the third quarter. Strs Ohio now owns 30,400 shares of the bank’s stock valued at $1,254,000 after purchasing an additional 25,900 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its holdings in shares of Great Western Bancorp by 15.1% in the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 370,608 shares of the bank’s stock valued at $15,299,000 after purchasing an additional 48,680 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Great Western Bancorp in the second quarter valued at approximately $518,000. Westwood Holdings Group Inc. increased its holdings in shares of Great Western Bancorp by 13.3% in 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 in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Great Western Bancorp by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,003,365 shares of the bank’s stock valued at $40,947,000 after purchasing an additional 50,988 shares in the last quarter.

A number of analysts recently weighed in on the stock. Deutsche Bank raised their price target on shares of Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. ValuEngine cut 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. Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, TheStreet cut shares of Great Western Bancorp from a “b” rating to a “c” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Great Western Bancorp has an average rating of “Hold” and a consensus price target of $45.22.

In other news, insider Bryan Leighton Kindopp sold 1,304 shares of Great Western Bancorp stock in a transaction 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 of the company’s stock, valued at $169,565.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kenneth James Karels sold 24,000 shares of Great Western Bancorp stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.09, for a total transaction of $986,160.00. Following the transaction, the insider now directly owns 53,702 shares in the company, valued at $2,206,615.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,545 shares of company stock worth $2,921,722. Insiders own 0.23% of the company’s stock.

Great Western Bancorp Inc (NYSE:GWB) opened at $40.65 on Friday. Great Western Bancorp Inc has a 52 week low of $33.27 and a 52 week high of $45.62. The stock has a market cap of $2,403.59, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 2.05 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 (NYSE:GWB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $116.50 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.57 earnings per share. equities research analysts predict that Great Western Bancorp Inc will post 2.6 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, November 10th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.97%. Great Western Bancorp’s dividend payout ratio is 32.52%.

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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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