Great Western Bancorp, Inc. (GWB) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. grew its position in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,954 shares of the bank’s stock after purchasing an additional 495 shares during the period. Suntrust Banks Inc.’s holdings in Great Western Bancorp were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Amalgamated Bank grew its position in shares of Great Western Bancorp by 1.1% during the second quarter. Amalgamated Bank now owns 8,079 shares of the bank’s stock valued at $330,000 after purchasing an additional 85 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Great Western Bancorp by 2.7% during 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 grew its position in shares of Great Western Bancorp by 1.7% during 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. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Great Western Bancorp by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock valued at $109,000 after purchasing an additional 223 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Great Western Bancorp by 7.1% during 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.

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In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 2,356 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $40.95, for a total value of $96,478.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kenneth James Karels sold 12,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $39.66, for a total transaction of $475,920.00. Following the completion of the sale, the chief executive officer now owns 62,130 shares of the company’s stock, valued at approximately $2,464,075.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,063 shares of company stock valued at $1,123,681. 0.23% of the stock is owned by insiders.

GWB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of Great Western Bancorp in a research report on Friday, September 8th. BidaskClub upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. TheStreet lowered Great Western Bancorp from a “b” rating to a “c” rating in a research report on Thursday, September 7th. Finally, Stephens set a $46.00 price target on Great Western Bancorp and gave the stock a “buy” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Great Western Bancorp presently has a consensus rating of “Buy” and an average price target of $46.14.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). The business had revenue of $114.22 million during the quarter, compared to analyst estimates of $117.10 million. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS.

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.

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

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