Karp Capital Management Corp Purchases New Stake in Great Western Bancorp, Inc. (GWB)

Karp Capital Management Corp acquired a new stake in shares of Great Western Bancorp, Inc. (NYSE:GWB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,395 shares of the bank’s stock, valued at approximately $483,000.

Several other large investors have also recently bought and sold shares of GWB. Affinity Investment Advisors LLC increased its stake in Great Western Bancorp by 37.3% in the first quarter. Affinity Investment Advisors LLC now owns 10,302 shares of the bank’s stock valued at $437,000 after buying an additional 2,800 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Great Western Bancorp by 48.7% in the first quarter. UBS Asset Management Americas Inc. now owns 31,552 shares of the bank’s stock valued at $1,338,000 after buying an additional 10,331 shares in the last quarter. Swiss National Bank increased its stake in Great Western Bancorp by 1.7% in the first quarter. Swiss National Bank now owns 96,600 shares of the bank’s stock valued at $4,097,000 after buying an additional 1,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock valued at $104,000 after buying an additional 1,263 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Great Western Bancorp by 162.4% in the first quarter. Bank of New York Mellon Corp now owns 2,019,379 shares of the bank’s stock valued at $85,642,000 after buying an additional 1,249,865 shares in the last quarter.

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

Great Western Bancorp, Inc. (NYSE GWB) opened at 39.09 on Monday. The company’s 50-day moving average price is $39.52 and its 200 day moving average price is $41.91. The firm has a market capitalization of $2.30 billion, a PE ratio of 17.27 and a beta of 1.74. Great Western Bancorp, Inc. has a 1-year low of $29.31 and a 1-year high of $45.62.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, April 27th. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by $0.02. Great Western Bancorp had a net margin of 27.72% and a return on equity of 8.48%. The company had revenue of $111.23 million during the quarter, compared to analysts’ expectations of $116.90 million. During the same period last year, the business earned $0.55 earnings per share. On average, equities analysts anticipate that Great Western Bancorp, Inc. will post $2.50 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This report was published by sleekmoney and is the sole property of of sleekmoney. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://sleekmoney.com/karp-capital-management-corp-purchases-new-stake-in-great-western-bancorp-inc-gwb/1939568.html.

Several equities research analysts recently issued reports on the company. BidaskClub downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price objective on shares of Great Western Bancorp in a report on Tuesday, May 30th. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Monday, May 15th. J P Morgan Chase & Co downgraded Great Western Bancorp from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $48.00 to $47.00 in a report on Friday, April 28th. Finally, DA Davidson reiterated a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a report on Wednesday, April 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Great Western Bancorp presently has a consensus rating of “Hold” and an average target price of $45.13.

In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 766 shares of the firm’s 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 transaction, the insider now directly owns 300 shares of the company’s stock, valued at $12,285. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Great Western Bancorp Company 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.

Want to see what other hedge funds are holding GWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Western Bancorp, Inc. (NYSE:GWB).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/karp-capital-management-corp-purchases-new-stake-in-great-western-bancorp-inc-gwb/1939568.html

Receive News & Ratings for Great Western Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Western Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *