Great Southern Bancorp, Inc. (NASDAQ:GSBC – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $76.97 and last traded at $76.48, with a volume of 7770 shares trading hands. The stock had previously closed at $75.87.
Wall Street Analysts Forecast Growth
GSBC has been the subject of several research analyst reports. Wall Street Zen lowered Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings cut Great Southern Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on Great Southern Bancorp from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Finally, Zacks Research downgraded Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.00.
Check Out Our Latest Report on GSBC
Great Southern Bancorp Stock Performance
Great Southern Bancorp (NASDAQ:GSBC – Get Free Report) last posted its quarterly earnings results 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. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.29%. The business had revenue of $55.36 million during the quarter, compared to the consensus estimate of $54.75 million. As a group, equities analysts predict that Great Southern Bancorp, Inc. will post 5.84 earnings per share for the current fiscal year.
Great Southern Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, June 29th. Great Southern Bancorp’s payout ratio is 27.26%.
Insider Buying and Selling
In other Great Southern Bancorp news, VP John M. Bugh sold 2,500 shares of Great Southern Bancorp stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $67.59, for a total value of $168,975.00. Following the transaction, the vice president directly owned 1,790 shares of the company’s stock, valued at $120,986.10. The trade was a 58.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin L. Baker sold 2,800 shares of the business’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 of the company’s stock, valued at $979.44. The trade was a 99.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 13,687 shares of company stock valued at $938,407. 29.75% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Comerica Bank boosted its position in Great Southern Bancorp by 5.0% during the 4th quarter. Comerica Bank now owns 4,149 shares of the financial services provider’s stock valued at $255,000 after buying an additional 198 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Great Southern Bancorp by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 234 shares during the period. Rhumbline Advisers raised its stake in shares of Great Southern Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock valued at $798,000 after acquiring an additional 253 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Great Southern Bancorp by 24.8% during the first quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 260 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Great Southern Bancorp by 2.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,857 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 276 shares during the period. 41.66% of the stock is owned by hedge funds and other institutional investors.
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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