Great Southern Bancorp Inc. (GSBC) Upgraded to Hold at Zacks Investment Research
Great Southern Bancorp Inc. (NASDAQ:GSBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
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 research note on Thursday, September 8th.
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Shares of Great Southern Bancorp (NASDAQ:GSBC) traded down 1.27% during trading on Tuesday, hitting $41.30. The stock had a trading volume of 23,791 shares. The stock’s 50-day moving average price is $41.74 and its 200 day moving average price is $39.28. The firm has a market capitalization of $574.52 million, a P/E ratio of 12.91 and a beta of 1.12. Great Southern Bancorp has a 1-year low of $34.48 and a 1-year high of $52.94.
Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.89 earnings per share (EPS) 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%. On average, analysts anticipate that Great Southern Bancorp will post $3.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.13%. Great Southern Bancorp’s payout ratio is 27.50%.
In other news, VP Linton J. Thomason sold 1,900 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was 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 owns 8,939 shares in the company, valued at $374,633.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William V. Turner sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $39.54, for a total value of $197,700.00. Following the transaction, the director now owns 194,898 shares of the company’s stock, valued at approximately $7,706,266.92. The disclosure for this sale can be found here. Insiders own 24.15% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GSBC. BlackRock Inc. raised its position in shares of 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 during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Great Southern Bancorp during the first quarter worth $103,000. BlackRock Advisors LLC raised its position in shares of 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 during the last quarter. BlackRock Group LTD raised its position in shares of Great Southern Bancorp by 64.9% in the second quarter. BlackRock Group LTD now owns 6,167 shares of the financial services provider’s stock worth $228,000 after buying an additional 2,427 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of 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 during the last quarter. Hedge funds and other 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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