Great Southern Bancorp (NASDAQ:GSBC) Sees Strong Trading Volume – Here’s What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC) saw strong trading volume on Friday . 43,745 shares were traded during trading, an increase of 0% from the previous session’s volume of 43,647 shares.The stock last traded at $59.97 and had previously closed at $60.32.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating on the stock in a research note on Friday, October 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Great Southern Bancorp in a research report on Tuesday. Finally, Zacks Research lowered shares of Great Southern Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.50.

Great Southern Bancorp Stock Performance

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 stock has a 50-day moving average price of $59.04 and a 200-day moving average price of $59.30. The firm has a market capitalization of $671.28 million, a PE ratio of 9.97 and a beta of 0.59.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.01. The firm had revenue of $58.21 million during the quarter, compared to the consensus estimate of $56.72 million. Great Southern Bancorp had a return on equity of 11.38% and a net margin of 19.80%. On average, research analysts expect that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Monday, September 29th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, September 29th. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.40. Great Southern Bancorp’s payout ratio is 28.57%.

Insider Activity at Great Southern Bancorp

In other Great Southern Bancorp news, VP John M. Bugh sold 1,750 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $57.72, for a total value of $101,010.00. Following the sale, the vice president directly owned 1,790 shares in the company, valued at approximately $103,318.80. This trade represents a 49.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 27.93% of the company’s stock.

Institutional Trading of Great Southern Bancorp

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Great Southern Bancorp during the third quarter worth approximately $27,000. Russell Investments Group Ltd. grew its holdings in Great Southern Bancorp by 1,301.8% during the third quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 716 shares during the period. CWM LLC grew its holdings in Great Southern Bancorp by 150.4% during the second quarter. CWM LLC now owns 859 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 516 shares during the period. Quadrant Capital Group LLC bought a new stake in Great Southern Bancorp in the third quarter worth about $128,000. Finally, Walleye Capital LLC acquired a new stake in Great Southern Bancorp in the 2nd quarter valued at about $206,000. 41.66% of the stock is currently owned by institutional investors.

About Great Southern Bancorp

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.