Pl Capital Advisors Exits Position in Great Western Bancorp Inc (GWB)

Great Western Bancorp Inc (GWB) : Pl Capital Advisors has sold out all of its stake in Great Western Bancorp Inc during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 589,975 shares of Great Western Bancorp Inc which is valued at $19,728,764.

Other Hedge Funds, Including , Systematic Financial Management Lp reduced its stake in GWB by selling 16,720 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 636,765 shares of GWB which is valued at $21,293,422. Great Western Bancorp Inc makes up approx 0.28% of Systematic Financial Management Lp’s portfolio.I.g. Investment Management Ltd. reduced its stake in GWB by selling 348 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 40,217 shares of GWB which is valued at $1,354,509. Great Western Bancorp Inc makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio.Emerald Advisers Incpa reduced its stake in GWB by selling 740 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 35,041 shares of GWB which is valued at $1,162,310. Great Western Bancorp Inc makes up approx 0.05% of Emerald Advisers Incpa’s portfolio.Shinko Asset Management Ltd. reduced its stake in GWB by selling 20,665 shares or 12.03% in the most recent quarter. The Hedge Fund company now holds 151,067 shares of GWB which is valued at $5,142,321. Great Western Bancorp Inc makes up approx 0.03% of Shinko Asset Management Ltd.’s portfolio.

Great Western Bancorp Inc opened for trading at $32.28 and hit $32.6 on the upside on Wednesday, eventually ending the session at $32.57, with a gain of 0.68% or 0.22 points. The heightened volatility saw the trading volume jump to 2,37,500 shares. Company has a market cap of $1,912 M.

On the company’s financial health, Great Western Bancorp Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.56.Analysts expectations of $ 105.06.During the same quarter in the previous year, the company posted $0.50 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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