Trade Report: The Westpac Banking Corp reaches $354,000 position of Great Western Bancorp Inc. (GWB)

The Westpac Banking Corp reaches $354,000 position  of Great Western Bancorp Inc. (GWB)

Westpac Banking Corp increased its stake in shares of Great Western Bancorp Inc. (NYSE:GWB) by 62.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,224 shares of the company’s stock after buying an additional 4,306 shares during the period. Westpac Banking Corp’s holdings in Great Western Bancorp were worth $354,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Virginia Retirement System bought a new stake in Great Western Bancorp during the first quarter valued at about $690,000. Teachers Advisors Inc. raised its stake in Great Western Bancorp by 16.6% in the first quarter. Teachers Advisors Inc. now owns 703,247 shares of the company’s stock valued at $19,178,000 after buying an additional 99,998 shares during the last quarter. Prudential Financial Inc. raised its stake in Great Western Bancorp by 22.2% in the first quarter. Prudential Financial Inc. now owns 548,000 shares of the company’s stock valued at $14,944,000 after buying an additional 99,500 shares during the last quarter. BlackRock Group LTD raised its stake in Great Western Bancorp by 27.4% in the first quarter. BlackRock Group LTD now owns 85,316 shares of the company’s stock valued at $2,327,000 after buying an additional 18,352 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in 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 valued at $40,369,000 after buying an additional 28,017 shares during the last quarter.

Shares of Great Western Bancorp Inc. (NYSE:GWB) opened at 33.98 on Friday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 15.70 and a beta of 1.68. The firm’s 50-day moving average price is $33.06 and its 200-day moving average price is $31.90. Great Western Bancorp Inc. has a 12 month low of $22.68 and a 12 month high of $35.01.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, topping 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 last year, the company posted $0.50 earnings per share. Equities research analysts expect that Great Western Bancorp Inc. will post $2.29 EPS for the current year.

Several equities research analysts have recently issued reports on GWB shares. Zacks Investment Research lowered Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Great Western Bancorp in a research note on Saturday, July 9th. Deutsche Bank AG raised their price target on Great Western Bancorp from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Keefe, Bruyette & Woods raised their price target on Great Western Bancorp from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Finally, Credit Suisse Group AG reissued a “sell” rating on shares of Great Western Bancorp in a research note on Wednesday, August 24th. Two 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’s stock. Great Western Bancorp presently has an average rating of “Hold” and an average 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.

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