Great Southern Bancorp Inc. (GSBC) Raised to Hold at Zacks Investment Research
According to Zacks, “Great Southern Bancorp, Inc. is a financial holding company which owned directly all of the stock of Great Southern Bank and other non-banking subsidiaries. “
Separately, FIG Partners lowered Great Southern Bancorp from an outperform rating to a market perform rating in a report on Thursday, September 8th.
Shares of Great Southern Bancorp (NASDAQ:GSBC) opened at 41.32 on Tuesday. The company’s 50 day moving average price is $41.78 and its 200 day moving average price is $39.31. Great Southern Bancorp has a 52-week low of $34.48 and a 52-week high of $52.94. The firm has a market capitalization of $574.80 million, a price-to-earnings ratio of 12.91 and a beta of 1.12.
Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.09. Great Southern Bancorp had a return on equity of 11.24% and a net margin of 21.91%. Analysts forecast that Great Southern Bancorp will post $3.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Monday, October 3rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, September 29th. Great Southern Bancorp’s dividend payout ratio is 27.50%.
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 Wednesday, July 27th. The stock was sold at an average price of $39.54, for a total value of $197,700.00. Following the sale, the director now owns 194,898 shares of the company’s stock, valued at approximately $7,706,266.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Linton J. Thomason sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $41.91, for a total value of $79,629.00. Following the completion of the sale, the vice president now directly owns 8,939 shares in the company, valued at approximately $374,633.49. The disclosure for this sale can be found here. Insiders own 24.15% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. raised its stake in Great Southern Bancorp by 12.2% in the first quarter. Kennedy Capital Management Inc. now owns 101,238 shares of the financial services provider’s stock worth $3,759,000 after buying an additional 11,022 shares during the period. JPMorgan Chase & Co. raised its stake in Great Southern Bancorp by 35.0% in the first quarter. JPMorgan Chase & Co. now owns 132,328 shares of the financial services provider’s stock worth $4,913,000 after buying an additional 34,325 shares during the period. Prudential Financial Inc. raised its stake in Great Southern Bancorp by 4.2% in the first quarter. Prudential Financial Inc. now owns 89,587 shares of the financial services provider’s stock worth $3,326,000 after buying an additional 3,600 shares during the period. First Trust Advisors LP raised its stake in Great Southern Bancorp by 0.3% in the second quarter. First Trust Advisors LP now owns 18,741 shares of the financial services provider’s stock worth $693,000 after buying an additional 55 shares during the period. Finally, California State Teachers Retirement System raised its stake in Great Southern Bancorp by 1.2% in the second quarter. California State Teachers Retirement System now owns 22,493 shares of the financial services provider’s stock worth $832,000 after buying an additional 258 shares during the period. 34.11% of the stock is currently owned by hedge funds and other institutional investors.
About Great Southern Bancorp
Great Southern Bancorp, Inc is a bank holding company. The Company is a financial holding and parent company 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 offers banking services through its approximately 108 banking centers located in southern and central Missouri; the Kansas City, Missouri area; the St.
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