Great Southern Bancorp (NASDAQ:GSBC) Hits New 52-Week High – What’s Next?

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) reached a new 52-week high during trading on Thursday. The company traded as high as $83.00 and last traded at $82.50, with a volume of 4,262 shares. The stock had previously closed at $81.51.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GSBC shares. Zacks Research raised shares of Great Southern Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, October 23rd. Weiss Ratings raised shares of Great Southern Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, October 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $74.00.

Great Southern Bancorp Trading Down 1.0%

The business has a fifty day simple moving average of $78.96 and a 200-day simple moving average of $72.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $885.41 million, a price-to-earnings ratio of 14.18 and a beta of 0.50.

Great Southern Bancorp (NASDAQ:GSBC) last posted its earnings results on Wednesday, October 21st. The financial services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 19.85%. The firm had revenue of $57.74 million during the quarter, compared to the consensus estimate of $56.08 million. As a group, equities analysts forecast that Great Southern Bancorp, Inc. will post 6.23 earnings per share for the current fiscal year.

Great Southern Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.72 annualized dividend and a dividend yield of 2.1%. Great Southern Bancorp’s dividend payout ratio is currently 30.02%.

Insider Transactions at Great Southern Bancorp

In related news, Director Julie Brown sold 851 shares of Great Southern Bancorp stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $81.00, for a total transaction of $68,931.00. Following the sale, the director directly owned 7,052 shares in the company, valued at $571,212. This trade represents a 10.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Great Southern Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Great Southern Bancorp in the third quarter valued at about $25,000. Sterling Capital Management LLC lifted its stake in shares of Great Southern Bancorp by 2,132.1% in the third quarter. Sterling Capital Management LLC now owns 3,616 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 3,454 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Great Southern Bancorp by 217.9% in the third quarter. Nisa Investment Advisors LLC now owns 480 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 329 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Great Southern Bancorp in the second quarter worth approximately $349,000. Finally, Engineers Gate Manager LP bought a new stake in Great Southern Bancorp in the second quarter valued at approximately $229,000. 41.66% of the stock is currently owned by institutional investors and hedge funds.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc is the bank holding company for Great Southern Bank, a full-service financial institution headquartered in Springfield, Missouri. The company provides banking and financial services to individuals, families, businesses and institutions through a network of banking centers and other delivery channels.

Great Southern Bank offers deposit products, residential and commercial real estate lending, construction and development financing, commercial business loans, consumer loans and mortgage services.