Great Southern Bancorp, Inc. (NASDAQ:GSBC – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $82.91 and last traded at $82.00, with a volume of 60737 shares traded. The stock had previously closed at $80.31.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Zacks Research lowered Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Weiss Ratings raised shares of Great Southern Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 9th. Wall Street Zen lowered shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.00.
View Our Latest Stock Analysis on GSBC
Great Southern Bancorp Stock Performance
Great Southern Bancorp (NASDAQ:GSBC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.19. Great Southern Bancorp had a return on equity of 10.86% and a net margin of 20.72%.The business had revenue of $56.87 million during the quarter, compared to analyst estimates of $55.26 million. On average, equities analysts forecast that Great Southern Bancorp, Inc. will post 5.99 earnings per share for the current fiscal year.
Great Southern Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, June 29th. Great Southern Bancorp’s payout ratio is 28.57%.
Insider Activity
In other news, VP Kevin L. Baker sold 2,800 shares of the firm’s stock in a transaction 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 transaction, the vice president directly owned 14 shares of the company’s stock, valued at approximately $979.44. This trade represents a 99.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 29.75% of the company’s stock.
Hedge Funds Weigh In On Great Southern Bancorp
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Great Southern Bancorp by 13.8% during the 1st quarter. Bank of America Corp DE now owns 27,727 shares of the financial services provider’s stock worth $1,750,000 after buying an additional 3,369 shares in the last quarter. Royal Bank of Canada boosted 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 acquiring an additional 260 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Great Southern Bancorp by 6.2% in the first quarter. Empowered Funds LLC now owns 47,670 shares of the financial services provider’s stock valued at $3,009,000 after acquiring an additional 2,764 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Great Southern Bancorp by 50.3% during the first quarter. Quantinno Capital Management LP now owns 27,486 shares of the financial services provider’s stock valued at $1,735,000 after acquiring an additional 9,193 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Great Southern Bancorp by 1.9% during the first quarter. Lazard Asset Management LLC now owns 16,231 shares of the financial services provider’s stock valued at $1,025,000 after acquiring an additional 308 shares during the period. Institutional investors and hedge funds own 41.66% of the company’s stock.
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.
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