Great Southern Bancorp (NASDAQ:GSBC) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $64.18 and traded as high as $73.12. Great Southern Bancorp shares last traded at $71.04, with a volume of 157,189 shares trading hands.

Wall Street Analyst Weigh In

GSBC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Great Southern Bancorp from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Zacks Research raised shares of Great Southern Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Wall Street Zen lowered shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Great Southern Bancorp in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $65.00.

Great Southern Bancorp Stock Performance

The firm has a market capitalization of $798.35 million, a P/E ratio of 11.62 and a beta of 0.50. The company’s 50 day moving average is $68.12 and its 200-day moving average is $64.34. 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 issued its earnings results on Thursday, April 16th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.31. The business 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%. As a group, equities analysts anticipate that Great Southern Bancorp, Inc. will post 5.84 EPS for the current year.

Great Southern Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.72 annualized dividend and a yield of 2.3%. Great Southern Bancorp’s dividend payout ratio is currently 27.26%.

Insider Buying and Selling at Great Southern Bancorp

In other Great Southern Bancorp news, VP Kevin L. Baker sold 2,800 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $69.96, for a total transaction of $195,888.00. Following the transaction, the vice president owned 14 shares in the company, valued at approximately $979.44. This represents a 99.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mark A. Maples sold 2,387 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $68.95, for a total transaction of $164,583.65. Following the transaction, the vice president owned 1,187 shares in the company, valued at approximately $81,843.65. The trade was a 66.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 13,687 shares of company stock worth $938,407. Corporate insiders own 29.75% of the company’s stock.

Institutional Trading of Great Southern Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in GSBC. AQR Capital Management LLC raised its holdings in shares of Great Southern Bancorp by 8.3% in the first quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 1,114 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 purchasing an additional 234 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Great Southern Bancorp by 68.5% in the first quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider’s stock valued at $755,000 after purchasing an additional 5,546 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Great Southern Bancorp in the first quarter valued at about $1,146,000. Finally, Rhumbline Advisers raised its holdings in shares of Great Southern Bancorp by 1.9% in the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.

About Great Southern Bancorp

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.