Texas Permanent School Fund increased its stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,852 shares of the bank’s stock after buying an additional 358 shares during the period. Texas Permanent School Fund owned 0.07% of Great Western Bancorp worth $1,749,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock valued at $104,000 after buying an additional 1,263 shares in the last quarter. Victory Capital Management Inc. increased its position in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock valued at $142,000 after buying an additional 88 shares in the last quarter. Strs Ohio increased its position in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new position in Great Western Bancorp during the second quarter valued at $199,000. Finally, Koch Industries Inc. acquired a new position in Great Western Bancorp during the first quarter valued at $214,000.

Great Western Bancorp, Inc. (NYSE GWB) opened at 36.52 on Monday. The stock has a 50 day moving average of $39.67 and a 200 day moving average of $41.13. The stock has a market capitalization of $2.15 billion, a P/E ratio of 15.29 and a beta of 1.69. Great Western Bancorp, Inc. has a 1-year low of $31.51 and a 1-year high of $45.62.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 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 business had revenue of $114.22 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts expect that Great Western Bancorp, Inc. will post $2.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Friday, August 11th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 annualized dividend and a yield of 2.19%. Great Western Bancorp’s payout ratio is 33.47%.

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GWB has been the topic of several research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price target on shares of Great Western Bancorp in a research note on Tuesday, May 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $48.00 price target on shares of Great Western Bancorp in a research note on Friday, July 7th. Stephens set a $46.00 price target on shares of Great Western Bancorp and gave the stock a “buy” rating in a research note on Friday, July 28th. Piper Jaffray Companies set a $42.00 price target on shares of Great Western Bancorp and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company 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 firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the transaction, the insider now owns 300 shares in the company, valued at $12,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.19% 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.

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

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