Mesirow Financial Investment Management Equity Management decreased its stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 432,370 shares of the bank’s stock after selling 3,065 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Great Western Bancorp were worth $17,644,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sei Investments Co. increased its position in Great Western Bancorp by 95.2% in the second quarter. Sei Investments Co. now owns 19,618 shares of the bank’s stock valued at $801,000 after buying an additional 9,566 shares during the last quarter. Texas Permanent School Fund increased its position 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 buying an additional 358 shares in the last quarter. Pillar Pacific Capital Management LLC bought a new position in shares of Great Western Bancorp during the second quarter valued at approximately $245,000. Great West Life Assurance Co. Can increased its position in shares of Great Western Bancorp by 3.5% in the second quarter. Great West Life Assurance Co. Can now owns 85,756 shares of the bank’s stock valued at $3,499,000 after buying an additional 2,930 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Great Western Bancorp by 26.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,940 shares of the bank’s stock valued at $692,000 after buying an additional 3,530 shares in the last quarter.

Shares of Great Western Bancorp, Inc. (NYSE:GWB) opened at 38.92 on Wednesday. The firm has a 50-day moving average price of $39.85 and a 200-day moving average price of $41.28. Great Western Bancorp, Inc. has a 12 month low of $31.51 and a 12 month high of $45.62. The stock has a market cap of $2.29 billion, a PE ratio of 16.30 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. The company had revenue of $114.22 million for the quarter, compared to analysts’ expectations of $117.10 million. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. Equities analysts forecast that Great Western Bancorp, Inc. will post $2.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Friday, August 11th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. Great Western Bancorp’s dividend payout ratio is presently 33.47%.

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Several research analysts have commented on GWB shares. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub raised Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price objective on shares of Great Western Bancorp in a report on Tuesday, May 30th. Stephens set a $46.00 price objective on Great Western Bancorp and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $48.00 price objective on shares of Great Western Bancorp in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $45.56.

In related news, insider Bryan Leighton Kindopp sold 766 shares of Great Western Bancorp stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $40.95, for a total value of $31,367.70. Following the completion of the transaction, the insider now owns 300 shares in the company, valued at approximately $12,285. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.

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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