Alliancebernstein L.P. grew its stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 58.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 196,790 shares of the bank’s stock after purchasing an additional 72,460 shares during the period. Alliancebernstein L.P. owned approximately 0.33% of Great Western Bancorp worth $8,031,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in shares of Great Western Bancorp by 11.2% during the 2nd quarter. Wells Fargo & Company MN now owns 282,767 shares of the bank’s stock worth $11,539,000 after purchasing an additional 28,544 shares in the last quarter. Eaton Vance Management boosted its position in shares of Great Western Bancorp by 17.4% during the 2nd quarter. Eaton Vance Management now owns 967,525 shares of the bank’s stock worth $39,485,000 after purchasing an additional 143,051 shares in the last quarter. AGF Investments Inc. purchased a new stake in shares of Great Western Bancorp during the 2nd quarter worth $396,000. LSV Asset Management boosted its position in shares of Great Western Bancorp by 249.2% during the 2nd quarter. LSV Asset Management now owns 103,700 shares of the bank’s stock worth $4,231,000 after purchasing an additional 74,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Great Western Bancorp by 6.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock worth $99,807,000 after purchasing an additional 147,426 shares in the last quarter.

Great Western Bancorp, Inc. (GWB) opened at 40.46 on Thursday. The firm has a market cap of $2.38 billion, a P/E ratio of 16.94 and a beta of 1.71. Great Western Bancorp, Inc. has a 1-year low of $31.51 and a 1-year high of $45.62. The stock’s 50 day moving average price is $36.71 and its 200 day moving average price is $39.79.

Great Western Bancorp (NYSE:GWB) last announced its earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the 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 company had revenue of $114.22 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts predict that Great Western Bancorp, Inc. will post $2.43 EPS for the current year.

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Several equities research analysts have commented on GWB shares. Royal Bank Of Canada restated a “buy” rating and set a $48.00 target price on shares of Great Western Bancorp in a research report on Friday, July 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Sunday, July 30th. Stephens set a $46.00 target price on shares of Great Western Bancorp and gave the stock a “buy” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, TheStreet downgraded 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, three have issued a hold rating and eight have assigned a buy rating to the company. Great Western Bancorp currently has an average rating of “Buy” and a consensus target price of $45.44.

Great Western Bancorp Profile

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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