Wedge Capital Management L L P NC boosted its stake in Great Western Bancorp, Inc. (NYSE:GWB) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,102,014 shares of the bank’s stock after buying an additional 2,153 shares during the period. Wedge Capital Management L L P NC’s holdings in Great Western Bancorp were worth $44,973,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Great Western Bancorp by 49,025.7% in the first quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after buying an additional 7,189,614 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Great Western Bancorp by 162.4% in the first quarter. Bank of New York Mellon Corp now owns 2,019,379 shares of the bank’s stock valued at $85,642,000 after buying an additional 1,249,865 shares in the last quarter. Tributary Capital Management LLC purchased a new stake in Great Western Bancorp during the second quarter valued at $13,169,000. Dimensional Fund Advisors LP boosted its stake in Great Western Bancorp by 45.8% in the first quarter. Dimensional Fund Advisors LP now owns 996,015 shares of the bank’s stock valued at $42,241,000 after buying an additional 312,833 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Great Western Bancorp by 7.4% in the first quarter. Macquarie Group Ltd. now owns 2,915,520 shares of the bank’s stock valued at $123,647,000 after buying an additional 200,195 shares in the last quarter.

Great Western Bancorp, Inc. (NYSE GWB) opened at 36.52 on Friday. Great Western Bancorp, Inc. has a 12-month low of $31.51 and a 12-month high of $45.62. The stock has a 50 day moving average of $39.67 and a 200-day moving average of $41.13. The company has a market cap of $2.15 billion, a PE ratio of 15.29 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $114.22 million for the quarter, compared to the consensus estimate of $117.10 million. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. On average, equities research analysts anticipate that Great Western Bancorp, Inc. will post $2.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.19%. Great Western Bancorp’s dividend payout ratio (DPR) is presently 33.47%.

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A number of research analysts have recently commented on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $48.00 target price on shares of Great Western Bancorp in a report on Friday, July 7th. J P Morgan Chase & Co cut shares of Great Western Bancorp from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $47.00 in a report on Friday, April 28th. Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Monday, May 15th. BidaskClub cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 target price on shares of Great Western Bancorp in a report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.56.

In related news, insider Bryan Leighton Kindopp sold 766 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $40.95, for a total value of $31,367.70. Following the completion of the sale, the insider now owns 300 shares in the company, valued at approximately $12,285. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

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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