Great Southern Bancorp (NASDAQ:GSBC) Sees Strong Trading Volume – Time to Buy?

Great Southern Bancorp, Inc. (NASDAQ:GSBCGet Free Report) shares saw strong trading volume on Monday . 65,761 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 82,777 shares.The stock last traded at $77.8150 and had previously closed at $77.64.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Great Southern Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 9th. Wall Street Zen downgraded Great Southern Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods upped their target price on Great Southern Bancorp from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Finally, Zacks Research cut Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.00.

Read Our Latest Analysis on Great Southern Bancorp

Great Southern Bancorp Trading Down 0.8%

The stock has a market cap of $838.09 million, a price-to-earnings ratio of 12.20 and a beta of 0.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $73.66 and its 200 day simple moving average is $67.16.

Great Southern Bancorp (NASDAQ:GSBCGet Free Report) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.31. The company had revenue of $55.36 million for the quarter, compared to analyst estimates of $54.75 million. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.29%. On average, research analysts expect that Great Southern Bancorp, Inc. will post 5.84 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Monday, June 29th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, June 29th. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 27.26%.

Insiders Place Their Bets

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 stock was sold at an average price of $68.16, for a total transaction of $408,960.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin L. Baker sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $69.96, for a total value of $195,888.00. Following the completion of the sale, the vice president owned 14 shares in the company, valued at $979.44. This represents a 99.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,687 shares of company stock worth $938,407. Company insiders own 29.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in Great Southern Bancorp by 1,301.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 716 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in shares of Great Southern Bancorp in the fourth quarter valued at $77,000. Royal Bank of Canada increased its holdings in shares of Great Southern Bancorp by 24.8% in the first 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 during the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Great Southern Bancorp in the third quarter valued at $128,000. Finally, R Squared Ltd bought a new stake in shares of Great Southern Bancorp during the 4th quarter worth about $203,000. 41.66% of the stock is owned by institutional investors and hedge funds.

About Great Southern Bancorp

(Get Free Report)

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.

Further Reading

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