Great Southern Bancorp (NASDAQ:GSBC) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Great Southern Bancorp (NASDAQ:GSBC – Free Report) from a sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

GSBC has been the subject of several other research reports. Keefe, Bruyette & Woods upped their price target on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Great Southern Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Great Southern Bancorp presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Read Our Latest Report on Great Southern Bancorp

Great Southern Bancorp Price Performance

Shares of NASDAQ GSBC opened at $78.05 on Friday. 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 has a twelve month low of $53.76 and a twelve month high of $82.91. The stock has a 50 day moving average of $78.97 and a two-hundred day moving average of $75.05. The stock has a market cap of $850.75 million, a P/E ratio of 12.97 and a beta of 0.50.

Great Southern Bancorp (NASDAQ:GSBC – Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.19. The business had revenue of $56.87 million during the quarter, compared to the consensus estimate of $55.26 million. Great Southern Bancorp had a return on equity of 10.83% and a net margin of 20.72%. On average, research analysts forecast that Great Southern Bancorp will post 5.99 earnings per share for the current year.

Great Southern Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, September 28th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 28.57%.

Insiders Place Their Bets

In other Great Southern Bancorp news, Director Julie Brown sold 851 shares of Great Southern Bancorp stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $81.00, for a total value of $68,931.00. Following the transaction, the director directly owned 7,052 shares in the company, valued at approximately $571,212. This trade represents a 10.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 29.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GSBC. BlackRock Inc. purchased a new stake in shares of Great Southern Bancorp during the second quarter worth approximately $60,624,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Great Southern Bancorp during the second quarter worth $8,793,000. Empowered Funds LLC purchased a new position in Great Southern Bancorp in the 2nd quarter valued at $4,237,000. Bank of New York Mellon Corp purchased a new position in Great Southern Bancorp in the 2nd quarter valued at $3,412,000. Finally, Bank of America Corp DE purchased a new position in Great Southern Bancorp in the 2nd quarter valued at $2,010,000. Institutional investors and hedge funds own 41.66% of the company’s stock.

About Great Southern Bancorp

(Get Free Report)

Great Southern Bancorp, Inc is the bank holding company for Great Southern Bank, a full-service financial institution headquartered in Springfield, Missouri. Through its banking subsidiary, the company provides deposit accounts, lending products and other financial services to individuals, families, businesses and commercial real estate customers.

Great Southern Bank offers checking and savings accounts, certificates of deposit, consumer loans, residential real estate loans, commercial and industrial financing, commercial real estate loans, construction loans and agricultural lending.

Further Reading

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