Jacobs Asset Management Lowers stake in Great Western Bancorp Inc (GWB)

Great Western Bancorp Inc (GWB) : Jacobs Asset Management reduced its stake in Great Western Bancorp Inc by 46.93% during the most recent quarter end. The investment management company now holds a total of 747,487 shares of Great Western Bancorp Inc which is valued at $24,562,423 after selling 661,095 shares in Great Western Bancorp Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Great Western Bancorp Inc makes up approximately 6.80% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Ahl Partners Llp added GWB to its portfolio by purchasing 7,952 company shares during the most recent quarter which is valued at $261,303. Great Western Bancorp Inc makes up approx 0.02% of Ahl Partners Llp’s portfolio.Cable Hill Partners boosted its stake in GWB in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 75 shares of Great Western Bancorp Inc which is valued at $2,465. Alpine Woods Capital Investors sold out all of its stake in GWB during the most recent quarter. The investment firm sold 8,000 shares of GWB which is valued $262,880.California State Teachers Retirement System boosted its stake in GWB in the latest quarter, The investment management firm added 36,496 additional shares and now holds a total of 124,068 shares of Great Western Bancorp Inc which is valued at $4,019,803. Great Western Bancorp Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Fox Run Management L.l.c. boosted its stake in GWB in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 21,100 shares of Great Western Bancorp Inc which is valued at $730,271. Great Western Bancorp Inc makes up approx 0.34% of Fox Run Management L.l.c.’s portfolio.

Great Western Bancorp Inc closed down -0.47 points or -1.37% at $33.77 with 2,15,899 shares getting traded on Thursday. Post opening the session at $34.36, the shares hit an intraday low of $33.49 and an intraday high of $34.48 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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