CIBC Asset Management Inc acquired a new stake in Great Western Bancorp Inc (NYSE:GWB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,251 shares of the bank’s stock, valued at approximately $289,000.

A number of other large investors have also recently made changes to their positions in the stock. Aperio Group LLC lifted its position in Great Western Bancorp by 11.9% in the fourth quarter. Aperio Group LLC now owns 13,215 shares of the bank’s stock valued at $526,000 after purchasing an additional 1,408 shares during the period. Comerica Bank lifted its position in Great Western Bancorp by 30.2% in the fourth quarter. Comerica Bank now owns 229,444 shares of the bank’s stock valued at $10,114,000 after purchasing an additional 53,236 shares during the period. LSV Asset Management lifted its position in Great Western Bancorp by 31.3% in the fourth quarter. LSV Asset Management now owns 286,700 shares of the bank’s stock valued at $11,410,000 after purchasing an additional 68,300 shares during the period. Wedge Capital Management L L P NC lifted its position in Great Western Bancorp by 4.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 1,104,579 shares of the bank’s stock valued at $43,962,000 after purchasing an additional 46,614 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in Great Western Bancorp in the fourth quarter valued at about $229,000.

In other news, CFO Peter Robert Chapman sold 2,265 shares of Great Western Bancorp stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $40.57, for a total transaction of $91,891.05. Following the completion of the sale, the chief financial officer now directly owns 16,964 shares in the company, valued at approximately $688,229.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen John Ulenberg sold 3,000 shares of Great Western Bancorp stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $41.81, for a total transaction of $125,430.00. Following the sale, the executive vice president now owns 12,736 shares of the company’s stock, valued at $532,492.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,775 shares of company stock valued at $285,271. Insiders own 0.33% of the company’s stock.

Shares of Great Western Bancorp Inc (GWB) opened at $41.20 on Wednesday. Great Western Bancorp Inc has a 12-month low of $33.27 and a 12-month high of $45.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $2,398.25, a P/E ratio of 15.97, a PEG ratio of 1.38 and a beta of 1.62.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.09. Great Western Bancorp had a net margin of 27.04% and a return on equity of 8.66%. The company had revenue of $117.30 million during the quarter, compared to the consensus estimate of $118.85 million. During the same period last year, the firm earned $0.63 EPS. sell-side analysts anticipate that Great Western Bancorp Inc will post 2.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. Great Western Bancorp’s payout ratio is 34.48%.

A number of equities research analysts recently commented on the stock. Deutsche Bank raised their price objective on shares of Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine downgraded shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Stephens restated a “buy” rating and issued a $49.00 price objective on shares of Great Western Bancorp in a research report on Friday, January 26th. Finally, FBR & Co downgraded shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Great Western Bancorp presently has an average rating of “Hold” and a consensus target price of $46.50.

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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.

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

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