Great Southern Bancorp, Inc. (GSBC) Receives Hold Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reissued their hold rating on shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) in a research report report published on Tuesday morning. They currently have a $52.00 price objective on the financial services provider’s stock.
Several other analysts have also recently issued reports on GSBC. Zacks Investment Research cut Great Southern Bancorp from a strong-buy rating to a hold rating in a research report on Tuesday, July 25th. BidaskClub cut Great Southern Bancorp from a hold rating to a sell rating in a research report on Friday, July 28th.
Great Southern Bancorp (GSBC) opened at 56.65 on Tuesday. The firm’s 50-day moving average price is $51.47 and its 200-day moving average price is $51.18. Great Southern Bancorp has a 12-month low of $38.35 and a 12-month high of $57.00. The stock has a market cap of $795.14 million, a price-to-earnings ratio of 15.87 and a beta of 1.12.
Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.37. The business had revenue of $53.70 million during the quarter, compared to analysts’ expectations of $49.78 million. Great Southern Bancorp had a return on equity of 11.62% and a net margin of 22.84%. On average, equities analysts predict that Great Southern Bancorp will post $3.61 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, September 29th. Great Southern Bancorp’s dividend payout ratio is presently 26.82%.
In other Great Southern Bancorp news, Director William V. Turner sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $52.73, for a total transaction of $263,650.00. Following the completion of the transaction, the director now owns 173,853 shares in the company, valued at approximately $9,167,268.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William V. Turner sold 10,800 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $52.76, for a total value of $569,808.00. Following the transaction, the director now owns 173,853 shares of the company’s stock, valued at approximately $9,172,484.28. The disclosure for this sale can be found here. Insiders have sold a total of 15,851 shares of company stock valued at $836,004 in the last 90 days. 23.78% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSBC. Thrivent Financial For Lutherans purchased a new position in Great Southern Bancorp during the 2nd quarter valued at approximately $6,770,000. Wellington Management Group LLP bought a new stake in shares of Great Southern Bancorp in the 1st quarter valued at approximately $4,267,000. Vanguard Group Inc. lifted its stake in shares of Great Southern Bancorp by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 524,337 shares of the financial services provider’s stock valued at $26,479,000 after purchasing an additional 29,241 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Great Southern Bancorp by 243.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 41,164 shares of the financial services provider’s stock valued at $2,202,000 after purchasing an additional 29,193 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Great Southern Bancorp by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 624,663 shares of the financial services provider’s stock valued at $33,420,000 after purchasing an additional 22,862 shares during the last quarter. Institutional investors and hedge funds own 40.21% of the company’s stock.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.
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