Insider Selling: Great Southern Bancorp (NASDAQ:GSBC) CEO Sells 6,000 Shares of Stock

Great Southern Bancorp, Inc. (NASDAQ:GSBC) CEO Joseph Turner sold 6,000 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $60.74, for a total transaction of $364,440.00. Following the sale, the chief executive officer directly owned 137,382 shares in the company, valued at $8,344,582.68. This represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Great Southern Bancorp Trading Up 0.6%

GSBC stock traded up $0.34 during midday trading on Tuesday, reaching $60.71. The company’s stock had a trading volume of 56,354 shares, compared to its average volume of 57,845. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. Great Southern Bancorp, Inc. has a 52 week low of $47.57 and a 52 week high of $67.70. The business’s 50-day simple moving average is $62.32 and its 200-day simple moving average is $60.79. The stock has a market cap of $679.34 million, a PE ratio of 9.79 and a beta of 0.52.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. The business had revenue of $56.35 million for the quarter, compared to analysts’ expectations of $55.03 million. Great Southern Bancorp had a return on equity of 11.40% and a net margin of 20.70%. As a group, sell-side analysts expect that Great Southern Bancorp, Inc. will post 5.24 EPS for the current year.

Great Southern Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Monday, December 29th were given a $0.43 dividend. The ex-dividend date was Monday, December 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.8%. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 27.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in Great Southern Bancorp by 8.3% during the first quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 1,114 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Great Southern Bancorp by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 234 shares during the period. Empowered Funds LLC increased its holdings in Great Southern Bancorp by 68.5% in the first quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider’s stock valued at $755,000 after buying an additional 5,546 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Great Southern Bancorp during the first quarter worth about $1,146,000. Finally, CWM LLC boosted its stake in Great Southern Bancorp by 150.4% during the 2nd quarter. CWM LLC now owns 859 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 516 shares during the last quarter. 41.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on GSBC. Keefe, Bruyette & Woods lifted their target price on Great Southern Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday. Zacks Research upgraded shares of Great Southern Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Great Southern Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.50.

About Great Southern Bancorp

Great Southern Bancorp, Inc (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank’s core business activities include deposit-taking, lending and treasury management.