Great Southern Bancorp (NASDAQ:GSBC) Stock Rating Lowered by Zacks Research

Great Southern Bancorp (NASDAQ:GSBC) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

GSBC has been the subject of several other research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Great Southern Bancorp from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Weiss Ratings raised shares of Great Southern Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen cut shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $65.00.

Great Southern Bancorp Price Performance

Shares of NASDAQ:GSBC opened at $73.63 on Tuesday. The company has a 50 day moving average of $69.93 and a 200 day moving average of $65.30. The stock has a market cap of $801.83 million, a P/E ratio of 11.67 and a beta of 0.50. Great Southern Bancorp has a 12 month low of $53.76 and a 12 month high of $76.92. 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 issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.27 by $0.31. The company had revenue of $55.36 million during the quarter, compared to analysts’ expectations of $54.75 million. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.29%. As a group, sell-side analysts forecast that Great Southern Bancorp will post 5.84 EPS for the current fiscal year.

Insider Activity at Great Southern Bancorp

In other Great Southern Bancorp news, CEO Joseph W. Turner sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $68.16, for a total value of $408,960.00. Following the completion of the transaction, the chief executive officer owned 136,182 shares of the company’s stock, valued at $9,282,165.12. The trade was a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin L. Baker sold 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $69.96, for a total transaction of $195,888.00. Following the completion of the transaction, the vice president directly owned 14 shares of the company’s stock, valued at approximately $979.44. This represents a 99.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,687 shares of company stock worth $938,407 in the last 90 days. 29.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Great Southern Bancorp

A number of institutional investors have recently made changes to their positions in GSBC. Bank of America Corp DE boosted its stake in shares of Great Southern Bancorp by 13.8% in the 1st quarter. Bank of America Corp DE now owns 27,727 shares of the financial services provider’s stock valued at $1,750,000 after purchasing an additional 3,369 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Great Southern Bancorp by 24.8% in the 1st quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 260 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Great Southern Bancorp by 6.2% in the 1st quarter. Empowered Funds LLC now owns 47,670 shares of the financial services provider’s stock valued at $3,009,000 after purchasing an additional 2,764 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Great Southern Bancorp by 50.3% in the 1st quarter. Quantinno Capital Management LP now owns 27,486 shares of the financial services provider’s stock valued at $1,735,000 after purchasing an additional 9,193 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Great Southern Bancorp by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 16,231 shares of the financial services provider’s stock valued at $1,025,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.

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.