BidaskClub Lowers Great Southern Bancorp (NASDAQ:GSBC) to Sell

BidaskClub cut shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Great Southern Bancorp from a buy rating to a hold rating in a research report on Tuesday, September 24th. ValuEngine downgraded Great Southern Bancorp from a hold rating to a sell rating in a research note on Thursday, August 1st.

NASDAQ GSBC opened at $56.56 on Tuesday. The firm has a market capitalization of $784.68 million, a P/E ratio of 10.44 and a beta of 1.07. The business has a fifty day simple moving average of $56.91 and a 200 day simple moving average of $57.07. Great Southern Bancorp has a 12 month low of $43.30 and a 12 month high of $60.94. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.17.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.15. The business had revenue of $52.08 million during the quarter, compared to analyst estimates of $51.50 million. Great Southern Bancorp had a return on equity of 14.06% and a net margin of 28.97%. As a group, sell-side analysts predict that Great Southern Bancorp will post 4.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.32. Great Southern Bancorp’s dividend payout ratio is 28.87%.

In other Great Southern Bancorp news, VP Kevin L. Baker sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $59.50, for a total value of $148,750.00. Following the completion of the transaction, the vice president now owns 636 shares in the company, valued at approximately $37,842. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.23% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Great Southern Bancorp by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 539,285 shares of the financial services provider’s stock valued at $32,275,000 after purchasing an additional 3,377 shares during the period. Renaissance Technologies LLC grew its stake in Great Southern Bancorp by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 283,400 shares of the financial services provider’s stock valued at $16,961,000 after purchasing an additional 5,000 shares during the period. Northern Trust Corp grew its stake in Great Southern Bancorp by 2.1% in the 2nd quarter. Northern Trust Corp now owns 194,684 shares of the financial services provider’s stock valued at $11,652,000 after purchasing an additional 3,986 shares during the period. Wells Fargo & Company MN grew its stake in Great Southern Bancorp by 46.9% in the 2nd quarter. Wells Fargo & Company MN now owns 171,422 shares of the financial services provider’s stock valued at $10,260,000 after purchasing an additional 54,702 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Great Southern Bancorp by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 107,711 shares of the financial services provider’s stock valued at $6,447,000 after purchasing an additional 707 shares during the period. Hedge funds and other institutional investors own 45.47% of the company’s stock.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts.

Read More: What are earnings reports?

Receive News & Ratings for Great Southern Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Southern Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.