Great Southern Bancorp, Inc. (GSBC) Rating Lowered to Strong Sell at BidaskClub
Great Southern Bancorp, Inc. (NASDAQ:GSBC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.
A number of other brokerages have also issued reports on GSBC. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 target price on shares of Great Southern Bancorp in a research report on Friday, July 21st. Zacks Investment Research lowered shares of Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th.
Great Southern Bancorp (NASDAQ GSBC) traded up 1.57% during midday trading on Friday, reaching $48.45. The company had a trading volume of 19,720 shares. Great Southern Bancorp has a one year low of $38.35 and a one year high of $56.70. The firm has a market capitalization of $680.04 million, a P/E ratio of 13.58 and a beta of 1.08. The stock’s 50 day moving average price is $51.97 and its 200-day moving average price is $50.94.
Great Southern Bancorp (NASDAQ:GSBC) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.37. Great Southern Bancorp had a net margin of 22.84% and a return on equity of 11.62%. The firm had revenue of $53.70 million for the quarter, compared to analyst estimates of $49.78 million. On average, equities research analysts anticipate that Great Southern Bancorp will post $3.57 earnings per share for the current year.
In related news, Director William V. Turner sold 5,000 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $52.73, for a total transaction of $263,650.00. Following the sale, the director now owns 173,853 shares in the company, valued at approximately $9,167,268.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William V. Turner sold 10,800 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $52.76, for a total transaction of $569,808.00. Following the sale, the director now owns 173,853 shares in the company, valued at approximately $9,172,484.28. The disclosure for this sale can be found here. Insiders have sold a total of 15,851 shares of company stock worth $836,004 in the last quarter. 23.78% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in Great Southern Bancorp by 4.9% in the first quarter. Bank of America Corp DE now owns 3,254 shares of the financial services provider’s stock valued at $164,000 after buying an additional 152 shares in the last quarter. Smith Asset Management Group LP raised its stake in Great Southern Bancorp by 560.7% in the second quarter. Smith Asset Management Group LP now owns 4,242 shares of the financial services provider’s stock valued at $227,000 after buying an additional 3,600 shares in the last quarter. Menta Capital LLC purchased a new stake in Great Southern Bancorp during the first quarter valued at about $238,000. TFS Capital LLC purchased a new stake in Great Southern Bancorp during the first quarter valued at about $241,000. Finally, Aperio Group LLC purchased a new stake in Great Southern Bancorp during the second quarter valued at about $274,000. Institutional investors and hedge funds own 39.91% of the company’s stock.
About Great Southern Bancorp
Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent 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 makes long-term, fixed-rate residential real estate loans.
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