Great Southern Bancorp (NASDAQ:GSBC) Trading Down 5.3% – What’s Next?

Great Southern Bancorp, Inc. (NASDAQ:GSBC)’s share price was down 5.3% during trading on Friday . The stock traded as low as $62.81 and last traded at $62.8450. Approximately 12,684 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 48,739 shares. The stock had previously closed at $66.35.

Analyst Upgrades and Downgrades

GSBC has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on Great Southern Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday. Zacks Research upgraded shares of Great Southern Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Great Southern Bancorp has an average rating of “Hold” and a consensus target price of $60.50.

Great Southern Bancorp Trading Down 7.3%

The business has a 50 day moving average of $62.19 and a 200-day moving average of $60.82. The stock has a market cap of $688.07 million, a PE ratio of 9.94 and a beta of 0.52. 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 announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. The firm had revenue of $56.35 million for the quarter, compared to analyst estimates of $55.03 million. Great Southern Bancorp had a net margin of 20.70% and a return on equity of 11.40%. On average, analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 EPS for the current year.

Great Southern Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Monday, December 29th were given a $0.43 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.72 annualized dividend and a dividend yield of 2.8%. Great Southern Bancorp’s dividend payout ratio is presently 28.57%.

Insider Activity at Great Southern Bancorp

In other news, VP John M. Bugh sold 1,750 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $57.72, for a total transaction of $101,010.00. Following the completion of the transaction, the vice president directly owned 1,790 shares in the company, valued at approximately $103,318.80. This represents a 49.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark A. Maples sold 1,450 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $59.93, for a total transaction of $86,898.50. The disclosure for this sale is available in the SEC filing. Insiders own 27.93% of the company’s stock.

Institutional Investors Weigh In On Great Southern Bancorp

A number of hedge funds have recently added to or reduced their stakes in GSBC. Two Sigma Investments LP raised its stake in shares of Great Southern Bancorp by 177.7% during the third quarter. Two Sigma Investments LP now owns 48,227 shares of the financial services provider’s stock valued at $2,954,000 after purchasing an additional 30,863 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Great Southern Bancorp by 328.9% during the third quarter. First Trust Advisors LP now owns 32,321 shares of the financial services provider’s stock valued at $1,980,000 after acquiring an additional 24,786 shares during the period. American Century Companies Inc. boosted its position in shares of Great Southern Bancorp by 9.8% in the third quarter. American Century Companies Inc. now owns 271,310 shares of the financial services provider’s stock worth $16,618,000 after buying an additional 24,131 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Great Southern Bancorp by 121.5% in the third quarter. Bridgeway Capital Management LLC now owns 39,757 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 21,806 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Great Southern Bancorp during the 1st quarter valued at $1,146,000. 41.66% of the stock is currently owned by institutional investors.

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.