Great Southern Bancorp Inc. (GSBC) Downgraded to “Sell” at Zacks Investment Research
Great Southern Bancorp Inc. (NASDAQ:GSBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
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 shares of Great Southern Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th.
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Shares of Great Southern Bancorp (NASDAQ:GSBC) traded up 0.29% during mid-day trading on Wednesday, hitting $41.78. The company had a trading volume of 44,284 shares. The firm’s 50-day moving average price is $41.29 and its 200 day moving average price is $38.92. Great Southern Bancorp has a one year low of $34.48 and a one year high of $52.94. The company has a market capitalization of $581.20 million, a P/E ratio of 13.06 and a beta of 1.07.
Great Southern Bancorp (NASDAQ:GSBC) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. Great Southern Bancorp had a net margin of 21.91% and a return on equity of 11.24%. Analysts predict that Great Southern Bancorp will post $3.21 earnings per share for the current fiscal year.
In other news, VP Linton J. Thomason sold 1,900 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $41.91, for a total transaction of $79,629.00. Following the completion of the transaction, the vice president now directly owns 8,939 shares in the company, valued at approximately $374,633.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William V. Turner sold 5,000 shares of the stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $39.54, for a total transaction of $197,700.00. Following the transaction, the director now owns 194,898 shares of the company’s stock, valued at $7,706,266.92. The disclosure for this sale can be found here. Insiders own 24.15% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Great Southern Bancorp by 296.8% in the second quarter. BlackRock Inc. now owns 2,738 shares of the financial services provider’s stock worth $101,000 after buying an additional 2,048 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in Great Southern Bancorp during the first quarter worth approximately $103,000. BlackRock Group LTD increased its position in Great Southern Bancorp by 71.0% in the first quarter. BlackRock Group LTD now owns 3,740 shares of the financial services provider’s stock worth $139,000 after buying an additional 1,553 shares in the last quarter. BlackRock Advisors LLC increased its position in Great Southern Bancorp by 6.4% in the second quarter. BlackRock Advisors LLC now owns 5,266 shares of the financial services provider’s stock worth $195,000 after buying an additional 315 shares in the last quarter. Finally, American International Group Inc. increased its position in Great Southern Bancorp by 0.6% in the second quarter. American International Group Inc. now owns 6,175 shares of the financial services provider’s stock worth $228,000 after buying an additional 36 shares in the last quarter. Institutional investors own 34.11% of the company’s stock.
Great Southern Bancorp Company Profile
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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