Great Southern Bancorp (NASDAQ:GSBC) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also commented on GSBC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Wednesday, October 8th. Wall Street Zen raised Great Southern Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Keefe, Bruyette & Woods dropped their target price on Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.50.

Great Southern Bancorp Stock Down 0.3%

Great Southern Bancorp stock opened at $57.29 on Monday. The firm has a market cap of $649.10 million, a price-to-earnings ratio of 9.52 and a beta of 0.55. Great Southern Bancorp has a 52 week low of $47.57 and a 52 week high of $68.01. The business’s 50-day moving average price is $61.58 and its 200 day moving average price is $58.61. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp (NASDAQ:GSBC) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.55 by $0.01. The firm had revenue of $57.84 million for the quarter, compared to analyst estimates of $56.72 million. Great Southern Bancorp had a return on equity of 11.38% and a net margin of 19.80%. As a group, sell-side analysts anticipate that Great Southern Bancorp will post 5.24 earnings per share for the current year.

Great Southern Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Monday, September 29th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, September 29th. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 3.0%. Great Southern Bancorp’s dividend payout ratio is 28.57%.

Institutional Trading of Great Southern Bancorp

Several institutional investors have recently bought and sold shares of GSBC. Allspring Global Investments Holdings LLC grew its holdings in Great Southern Bancorp by 9.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,293 shares of the financial services provider’s stock valued at $9,208,000 after purchasing an additional 14,327 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Great Southern Bancorp in the first quarter valued at approximately $457,000. Legato Capital Management LLC lifted its position in shares of Great Southern Bancorp by 2.4% in the first quarter. Legato Capital Management LLC now owns 18,191 shares of the financial services provider’s stock valued at $1,007,000 after acquiring an additional 432 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Great Southern Bancorp by 20.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,541 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 1,986 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Great Southern Bancorp in the first quarter valued at approximately $1,171,000. 41.66% of the stock is owned by institutional investors and hedge funds.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides 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.