Mitsubishi UFJ Trust & Banking Corp Sells 33,900 Shares of Great Western Bancorp Inc (GWB)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Great Western Bancorp Inc (NYSE:GWB) by 83.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,700 shares of the bank’s stock after selling 33,900 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Great Western Bancorp were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of 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 purchasing an additional 88 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Great Western Bancorp by 1.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,410 shares of the bank’s stock valued at $569,000 after purchasing an additional 220 shares in the last quarter. Strs Ohio lifted its holdings in shares of 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 purchasing an additional 300 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Great Western Bancorp by 0.8% in the second quarter. Texas Permanent School Fund now owns 42,852 shares of the bank’s stock valued at $1,749,000 after purchasing an additional 358 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Great Western Bancorp by 1.3% in the first quarter. Arizona State Retirement System now owns 30,600 shares of the bank’s stock valued at $1,298,000 after purchasing an additional 400 shares in the last quarter.

Shares of Great Western Bancorp Inc (NYSE:GWB) opened at 34.72 on Monday. Great Western Bancorp Inc has a one year low of $31.51 and a one year high of $45.62. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.54 and a beta of 1.71. The company’s 50-day moving average price is $37.35 and its 200-day moving average price is $40.19.

Great Western Bancorp (NYSE:GWB) last issued 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 30.70% and a return on equity of 8.18%. The business had revenue of $114.22 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts predict that Great Western Bancorp Inc will post $2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Friday, August 11th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.80 annualized dividend and a yield of 2.30%. Great Western Bancorp’s dividend payout ratio is 33.47%.

A number of research analysts have recently weighed in on GWB shares. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 target price on shares of Great Western Bancorp in a report on Tuesday, May 30th. Royal Bank Of Canada restated a “buy” rating and issued a $46.00 target price on shares of Great Western Bancorp in a report on Friday. Finally, Stephens set a $46.00 target price on Great Western Bancorp and gave the company a “buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $45.44.

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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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