Great Southern Bancorp (NASDAQ:GSBC) Sets New 1-Year High – Here’s What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $67.75 and last traded at $67.53, with a volume of 16628 shares traded. The stock had previously closed at $67.03.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GSBC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Monday, December 29th. Zacks Research upgraded shares of Great Southern Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Great Southern Bancorp has an average rating of “Hold” and an average target price of $60.50.

Great Southern Bancorp Price Performance

The stock has a market cap of $738.22 million, a PE ratio of 10.81 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50 day moving average price is $62.84 and its two-hundred day moving average price is $61.52.

Great Southern Bancorp (NASDAQ:GSBC) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.07. The firm had revenue of $56.35 million during the quarter, compared to the consensus estimate of $55.03 million. Great Southern Bancorp had a net margin of 20.70% and a return on equity of 11.33%. On average, research analysts expect that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be paid a $0.43 dividend. The ex-dividend date is Monday, March 30th. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 27.74%.

Insider Transactions at Great Southern Bancorp

In other news, Director William V. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $59.70, for a total value of $358,200.00. Following the completion of the transaction, the director owned 199,112 shares in the company, valued at $11,886,986.40. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Carlson sold 2,000 shares of Great Southern Bancorp stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $59.89, for a total transaction of $119,780.00. Following the completion of the transaction, the director owned 100 shares of the company’s stock, valued at $5,989. The trade was a 95.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,680 shares of company stock worth $885,376 over the last quarter. Corporate insiders own 27.93% of the company’s stock.

Hedge Funds Weigh In On Great Southern Bancorp

Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Great Southern Bancorp during the third quarter valued at approximately $27,000. Russell Investments Group Ltd. grew its stake in Great Southern Bancorp by 1,301.8% during the third quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 716 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in Great Southern Bancorp during the fourth quarter valued at approximately $77,000. Quadrant Capital Group LLC purchased a new position in Great Southern Bancorp during the third quarter valued at approximately $128,000. Finally, CWM LLC grew its stake in Great Southern Bancorp by 224.7% during the third quarter. CWM LLC now owns 2,789 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 1,930 shares in the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.

Great Southern Bancorp Company Profile

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.