Commerce Bank Takes $654,000 Position in Great Southern Bancorp, Inc. $GSBC

Commerce Bank purchased a new stake in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) during the second quarter, Holdings Channel reports. The institutional investor purchased 8,343 shares of the financial services provider’s stock, valued at approximately $654,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Great Southern Bancorp by 1,301.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock valued at $47,000 after buying an additional 716 shares in the last quarter. Quantbot Technologies LP bought a new stake in Great Southern Bancorp during the 2nd quarter valued at $71,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Great Southern Bancorp during the fourth quarter worth $77,000. Royal Bank of Canada lifted its position in shares of Great Southern Bancorp by 24.8% during the first quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 260 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in shares of Great Southern Bancorp in the third quarter worth $128,000. 41.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Great Southern Bancorp

In other news, Director Julie A. Brown sold 851 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $81.00, for a total value of $68,931.00. Following the transaction, the director owned 7,052 shares of the company’s stock, valued at approximately $571,212. This represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 29.75% of the company’s stock.

Great Southern Bancorp Price Performance

Shares of NASDAQ:GSBC opened at $78.67 on Thursday. The company has a 50 day moving average of $78.84 and a 200 day moving average of $70.94. The stock has a market cap of $857.50 million, a P/E ratio of 13.07 and a beta of 0.49. Great Southern Bancorp, Inc. has a 12 month low of $53.76 and a 12 month high of $82.91. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp (NASDAQ:GSBC) last posted its earnings results on Thursday, July 16th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.19. Great Southern Bancorp had a net margin of 20.72% and a return on equity of 10.83%. The business had revenue of $56.87 million for the quarter, compared to analysts’ expectations of $55.26 million. As a group, sell-side analysts forecast that Great Southern Bancorp, Inc. will post 5.99 EPS for the current fiscal year.

Great Southern Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, June 29th. Great Southern Bancorp’s payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GSBC shares. Zacks Research cut Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Wall Street Zen lowered Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods increased their price objective on Great Southern Bancorp from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. Finally, Weiss Ratings downgraded Great Southern Bancorp from a “buy (b+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Great Southern Bancorp has a consensus rating of “Hold” and a consensus price target of $74.00.

Great Southern Bancorp 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.