Great Southern Bancorp (GSBC) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a sell rating in a report issued on Friday.

A number of other research analysts have also recently commented on the company. ValuEngine raised Great Southern Bancorp from a sell rating to a hold rating in a report on Wednesday, October 24th. Zacks Investment Research cut Great Southern Bancorp from a strong-buy rating to a hold rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. Great Southern Bancorp currently has an average rating of Hold and a consensus target price of $58.33.

NASDAQ GSBC opened at $51.86 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.12 and a current ratio of 1.12. Great Southern Bancorp has a 12 month low of $48.10 and a 12 month high of $61.65. The company has a market capitalization of $724.91 million, a P/E ratio of 14.09 and a beta of 0.87.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.51. Great Southern Bancorp had a return on equity of 12.81% and a net margin of 26.65%. The company had revenue of $57.59 million for the quarter, compared to analysts’ expectations of $49.00 million. As a group, equities analysts forecast that Great Southern Bancorp will post 4.58 earnings per share for the current year.

In other news, insider Douglas W. Marrs sold 1,296 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $54.47, for a total transaction of $70,593.12. Following the sale, the insider now directly owns 1,625 shares of the company’s stock, valued at approximately $88,513.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Douglas W. Marrs sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $54.04, for a total value of $135,100.00. Following the sale, the vice president now directly owns 1,625 shares in the company, valued at $87,815. The disclosure for this sale can be found here. 23.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of Great Southern Bancorp during the 2nd quarter valued at approximately $112,000. Aperio Group LLC increased its position in shares of Great Southern Bancorp by 53.4% during the 2nd quarter. Aperio Group LLC now owns 8,224 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 2,863 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Great Southern Bancorp during the 2nd quarter valued at approximately $232,000. First Trust Advisors LP increased its position in shares of Great Southern Bancorp by 19.7% during the 2nd quarter. First Trust Advisors LP now owns 33,082 shares of the financial services provider’s stock valued at $1,892,000 after purchasing an additional 5,449 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its position in shares of Great Southern Bancorp by 8.1% during the 2nd quarter. IndexIQ Advisors LLC now owns 43,790 shares of the financial services provider’s stock valued at $2,505,000 after purchasing an additional 3,274 shares during the last quarter. 43.25% of the stock is currently owned by institutional investors and hedge funds.

About Great Southern Bancorp

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposits, brokered certificates, and individual retirement accounts.

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