Jacobs Asset Management buys $22.3 Million stake in Great Western Bancorp Inc (GWB)

Great Western Bancorp Inc (GWB) : Jacobs Asset Management scooped up 2,466 additional shares in Great Western Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 716,322 shares of Great Western Bancorp Inc which is valued at $22.3 Million.Great Western Bancorp Inc makes up approximately 6.08% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in GWB by selling 1,083,252 shares or 23.07% in the most recent quarter. The Hedge Fund company now holds 3,611,553 shares of GWB which is valued at $112.6 Million. Great Western Bancorp Inc makes up approx 0.03% of Wellington Management Group Llp’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in GWB in the latest quarter, The investment management firm added 55,000 additional shares and now holds a total of 170,500 shares of Great Western Bancorp Inc which is valued at $5.3 Million. Great Western Bancorp Inc makes up approx 0.01% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Manufacturers Life Insurance Company The boosted its stake in GWB in the latest quarter, The investment management firm added 33,266 additional shares and now holds a total of 817,380 shares of Great Western Bancorp Inc which is valued at $25.5 Million. Great Western Bancorp Inc makes up approx 0.04% of Manufacturers Life Insurance Company The’s portfolio. Alpine Woods Capital Investors added GWB to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $249,360. Great Western Bancorp Inc makes up approx 0.01% of Alpine Woods Capital Investors’s portfolio. Bronfman E.l. Rothschild added GWB to its portfolio by purchasing 72 company shares during the most recent quarter which is valued at $2,216.

Great Western Bancorp Inc opened for trading at $33.79 and hit $34.24 on the upside on Wednesday, eventually ending the session at $33.85, with a gain of 0.62% or 0.21 points. The heightened volatility saw the trading volume jump to 6,29,206 shares. Company has a market cap of $1,870 M.

On the company’s financial health, Great Western Bancorp Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.52. The company had revenue of $95.34 million for the quarter, compared to analysts expectations of $95.44 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Great Western Bancorp Inc. is a bank holding company. The Company’s primary business is ownership of its subsidiary Great Western Bank (the Bank). The Bank is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services. The Company’s loan portfolio consists primarily of commercial and industrial commercial real estate loans and agribusiness loans. Its investment activities include the United States treasury securities; the United States agency securities; mortgage-backed securities including government national mortgage association federal national mortgage association small business assistance program; states and political subdivision securities; corporate debt securities and others. It obtains funds from depositors by offering consumer and business demand deposit accounts money market deposit accounts negotiable order of withdrawal accounts savings accounts and term time deposits.

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