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

Great Southern Bancorp, Inc. (NASDAQ:GSBC)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $73.54 and traded as high as $78.51. Great Southern Bancorp shares last traded at $77.99, with a volume of 56,949 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GSBC shares. Zacks Research lowered Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Weiss Ratings cut Great Southern Bancorp from a “buy (b+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Great Southern Bancorp Price Performance

The stock’s fifty day moving average price is $79.57 and its 200-day moving average price is $73.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $838.31 million, a price-to-earnings ratio of 12.77 and a beta of 0.48.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.19. Great Southern Bancorp had a net margin of 20.72% and a return on equity of 10.83%. The firm had revenue of $56.87 million for the quarter, compared to analysts’ expectations of $55.26 million. Equities research analysts predict that Great Southern Bancorp, Inc. will post 5.99 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, September 28th. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. 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 dated Monday, August 17th. The stock was sold at an average price of $81.00, for a total transaction of $68,931.00. Following the transaction, the director owned 7,052 shares of the company’s stock, valued at $571,212. The trade was a 10.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.75% of the stock is currently owned by company insiders.

Institutional Trading of Great Southern Bancorp

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

About Great Southern Bancorp

Great Southern Bancorp, Inc is the bank holding company for Great Southern Bank, a full-service financial institution headquartered in Springfield, Missouri. Great Southern Bank traces its history to 1923 and operates as a community-oriented bank serving individuals, families, businesses and commercial customers.

The bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, business and consumer lending.