Victory Capital Management Inc. raised its position in Great Western Bancorp Inc. (NYSE:GWB) by 77.5% during the second quarter, Holdings Channel reports. The fund owned 3,196 shares of the company’s stock after buying an additional 1,395 shares during the period. Victory Capital Management Inc.’s holdings in Great Western Bancorp were worth $101,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of GWB. Virginia Retirement System purchased a new position in shares of Great Western Bancorp during the first quarter worth about $690,000. Teachers Advisors Inc. boosted its position in shares of Great Western Bancorp by 16.6% in the first quarter. Teachers Advisors Inc. now owns 703,247 shares of the company’s stock worth $19,178,000 after buying an additional 99,998 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Great Western Bancorp by 22.2% in the first quarter. Prudential Financial Inc. now owns 548,000 shares of the company’s stock worth $14,944,000 after buying an additional 99,500 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Great Western Bancorp by 27.4% in the first quarter. BlackRock Group LTD now owns 85,316 shares of the company’s stock worth $2,327,000 after buying an additional 18,352 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Great Western Bancorp by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,480,339 shares of the company’s stock worth $40,369,000 after buying an additional 28,017 shares in the last quarter.
Shares of Great Western Bancorp Inc. (NYSE:GWB) traded down 0.85% during midday trading on Friday, hitting $33.98. The stock had a trading volume of 379,753 shares. Great Western Bancorp Inc. has a 12 month low of $22.68 and a 12 month high of $35.01. The stock’s 50-day moving average is $33.06 and its 200-day moving average is $31.90. The stock has a market cap of $1.99 billion, a PE ratio of 15.70 and a beta of 1.68.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. Great Western Bancorp had a return on equity of 8.54% and a net margin of 29.00%. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities analysts anticipate that Great Western Bancorp Inc. will post $2.29 EPS for the current year.
A number of equities analysts recently issued reports on GWB shares. Keefe, Bruyette & Woods increased their target price on Great Western Bancorp from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. JPMorgan Chase & Co. raised their price objective on Great Western Bancorp from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Zacks Investment Research cut Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG restated a “sell” rating on shares of Great Western Bancorp in a research note on Wednesday, August 24th. Finally, Piper Jaffray Cos. assumed coverage on Great Western Bancorp in a research note on Thursday. They set a “neutral” rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Great Western Bancorp presently has an average rating of “Hold” and a consensus target price of $36.33.
Great Western Bancorp Company Profile
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.