Great Southern Bancorp (NASDAQ:GSBC) Shares Gap Down – Here’s What Happened

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) gapped down before the market opened on Monday . The stock had previously closed at $66.35, but opened at $60.78. Great Southern Bancorp shares last traded at $61.4490, with a volume of 1,105 shares.

Analysts Set New Price Targets

GSBC has been the topic of several recent research reports. Zacks Research raised Great Southern Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.50.

Great Southern Bancorp Stock Down 0.8%

The firm has a market capitalization of $677.44 million, a price-to-earnings ratio of 9.74 and a beta of 0.52. The firm has a fifty day moving average price of $62.24 and a 200 day moving average price of $60.80. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. The company had revenue of $56.35 million for the quarter, compared to analyst estimates of $55.03 million. Great Southern Bancorp had a return on equity of 11.40% and a net margin of 20.70%. Sell-side analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Monday, December 29th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, December 29th. Great Southern Bancorp’s payout ratio is 27.74%.

Insiders Place Their Bets

In related news, VP John M. Bugh sold 1,750 shares of Great Southern Bancorp stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $57.72, for a total value of $101,010.00. Following the completion of the sale, the vice president directly owned 1,790 shares in the company, valued at $103,318.80. This trade represents a 49.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark A. Maples sold 1,450 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $59.93, for a total value of $86,898.50. Additional details regarding this sale are available in the official SEC disclosure. 27.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Great Southern Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of GSBC. American Century Companies Inc. boosted its stake in Great Southern Bancorp by 9.8% in the third quarter. American Century Companies Inc. now owns 271,310 shares of the financial services provider’s stock valued at $16,618,000 after acquiring an additional 24,131 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Great Southern Bancorp by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 51,169 shares of the financial services provider’s stock worth $3,134,000 after purchasing an additional 736 shares during the period. Two Sigma Investments LP increased its holdings in Great Southern Bancorp by 177.7% in the third quarter. Two Sigma Investments LP now owns 48,227 shares of the financial services provider’s stock valued at $2,954,000 after purchasing an additional 30,863 shares during the last quarter. Creative Planning lifted its stake in Great Southern Bancorp by 20.6% in the third quarter. Creative Planning now owns 42,281 shares of the financial services provider’s stock valued at $2,590,000 after buying an additional 7,208 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Great Southern Bancorp by 121.5% during the third quarter. Bridgeway Capital Management LLC now owns 39,757 shares of the financial services provider’s stock worth $2,435,000 after buying an additional 21,806 shares during the last quarter. 41.66% of the stock is owned by 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.