State Board of Administration of Florida Retirement System Makes New Investment in Great Western Bancorp Inc (NYSE:GWB)

State Board of Administration of Florida Retirement System purchased a new position in Great Western Bancorp Inc (NYSE:GWB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,594 shares of the bank’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GWB. Texas Permanent School Fund grew its stake in shares of Great Western Bancorp by 2.4% in the 1st quarter. Texas Permanent School Fund now owns 38,660 shares of the bank’s stock worth $1,221,000 after buying an additional 924 shares in the last quarter. Comerica Bank grew its stake in shares of Great Western Bancorp by 0.9% in the 1st quarter. Comerica Bank now owns 231,879 shares of the bank’s stock worth $7,652,000 after buying an additional 2,125 shares in the last quarter. Pearl River Capital LLC grew its stake in shares of Great Western Bancorp by 1,209.2% in the 1st quarter. Pearl River Capital LLC now owns 3,980 shares of the bank’s stock worth $126,000 after buying an additional 3,676 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Great Western Bancorp by 0.7% in the 1st quarter. Eagle Asset Management Inc. now owns 249,703 shares of the bank’s stock worth $7,888,000 after buying an additional 1,848 shares in the last quarter. Finally, First National Bank of Omaha grew its stake in shares of Great Western Bancorp by 11.1% in the 1st quarter. First National Bank of Omaha now owns 33,461 shares of the bank’s stock worth $1,057,000 after buying an additional 3,339 shares in the last quarter. Institutional investors and hedge funds own 99.45% of the company’s stock.

A number of research firms recently commented on GWB. DA Davidson reaffirmed a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 29th.

GWB traded up $0.64 on Friday, reaching $35.72. 426,793 shares of the company traded hands, compared to its average volume of 343,346. Great Western Bancorp Inc has a one year low of $29.52 and a one year high of $44.60. The firm has a fifty day moving average price of $33.36. The firm has a market capitalization of $1.96 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.47 and a beta of 1.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.21.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Great Western Bancorp had a net margin of 30.31% and a return on equity of 9.75%. The company had revenue of $121.70 million for the quarter, compared to the consensus estimate of $121.78 million. During the same quarter in the previous year, the business earned $0.69 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Great Western Bancorp Inc will post 3.17 earnings per share for the current year.

About Great Western Bancorp

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.

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

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