Great Southern Bancorp (NASDAQ:GSBC) Lowered to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Great Southern Bancorp (NASDAQ:GSBC) from a sell rating to a strong sell rating in a report released on Thursday, BidAskClub reports.

NASDAQ:GSBC traded down $1.56 during mid-day trading on Thursday, reaching $58.91. The company’s stock had a trading volume of 33,012 shares, compared to its average volume of 28,057. Great Southern Bancorp has a 1 year low of $51.11 and a 1 year high of $64.48. The stock has a fifty day moving average of $62.64 and a 200-day moving average of $59.51. The firm has a market capitalization of $871.75 million, a PE ratio of 11.48 and a beta of 1.04. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.17.

The firm also recently disclosed a None dividend, which will be paid on Monday, February 10th. Investors of record on Monday, January 27th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, January 24th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 26.46%.

In related news, insider Douglas W. Marrs sold 700 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $60.90, for a total value of $42,630.00. Following the completion of the sale, the insider now directly owns 1,700 shares of the company’s stock, valued at $103,530. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry D. Frazier sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $61.41, for a total transaction of $307,050.00. Following the completion of the sale, the director now directly owns 96,800 shares of the company’s stock, valued at $5,944,488. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,575 shares of company stock valued at $464,711. 23.23% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its position in shares of Great Southern Bancorp by 73.3% during the third quarter. Voya Investment Management LLC now owns 9,859 shares of the financial services provider’s stock valued at $561,000 after buying an additional 4,171 shares during the last quarter. Bowling Portfolio Management LLC lifted its position in shares of Great Southern Bancorp by 32.8% during the third quarter. Bowling Portfolio Management LLC now owns 25,312 shares of the financial services provider’s stock valued at $1,442,000 after buying an additional 6,251 shares during the last quarter. State Street Corp lifted its position in shares of Great Southern Bancorp by 2.0% during the third quarter. State Street Corp now owns 245,550 shares of the financial services provider’s stock valued at $14,067,000 after buying an additional 4,855 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Great Southern Bancorp by 1.2% during the third quarter. California State Teachers Retirement System now owns 17,256 shares of the financial services provider’s stock valued at $983,000 after buying an additional 206 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Great Southern Bancorp by 18.3% during the third quarter. Russell Investments Group Ltd. now owns 13,735 shares of the financial services provider’s stock valued at $782,000 after buying an additional 2,128 shares during the last quarter. 45.72% of the stock is owned by institutional investors and hedge funds.

About Great Southern Bancorp

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.

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