Great Southern Bancorp, Inc. (NASDAQ:GSBC) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 125,400 shares, an increase of 10.1% from the June 30th total of 113,900 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 27,600 shares, the days-to-cover ratio is currently 4.5 days.
In other news, VP Kevin L. Baker sold 2,500 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $59.50, for a total transaction of $148,750.00. Following the sale, the vice president now directly owns 636 shares of the company’s stock, valued at approximately $37,842. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John M. Bugh sold 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $56.71, for a total transaction of $56,710.00. Following the sale, the vice president now directly owns 2,790 shares in the company, valued at $158,220.90. The disclosure for this sale can be found here. Corporate insiders own 23.23% of the company’s stock.
A number of institutional investors have recently modified their holdings of GSBC. Wells Fargo & Company MN lifted its stake in Great Southern Bancorp by 46.9% in the 2nd quarter. Wells Fargo & Company MN now owns 171,422 shares of the financial services provider’s stock valued at $10,260,000 after buying an additional 54,702 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Great Southern Bancorp during the 2nd quarter worth approximately $1,993,000. Chicago Equity Partners LLC acquired a new stake in shares of Great Southern Bancorp during the 2nd quarter worth approximately $1,649,000. Millennium Management LLC increased its holdings in shares of Great Southern Bancorp by 149.1% during the 4th quarter. Millennium Management LLC now owns 40,731 shares of the financial services provider’s stock worth $1,875,000 after buying an additional 24,382 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Great Southern Bancorp by 82.3% during the 2nd quarter. Acadian Asset Management LLC now owns 31,134 shares of the financial services provider’s stock worth $1,864,000 after buying an additional 14,052 shares during the last quarter. 45.39% of the stock is currently owned by hedge funds and other institutional investors.
Great Southern Bancorp stock traded down $1.55 during midday trading on Wednesday, reaching $55.30. The company had a trading volume of 16,200 shares, compared to its average volume of 27,775. The company has a market capitalization of $815.38 million, a P/E ratio of 11.74 and a beta of 1.05. Great Southern Bancorp has a 12-month low of $43.30 and a 12-month high of $61.35. The business has a fifty day moving average of $58.63. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.18.
Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.15. The firm had revenue of $52.08 million for the quarter, compared to analyst estimates of $51.50 million. Great Southern Bancorp had a net margin of 28.97% and a return on equity of 14.36%. On average, research analysts forecast that Great Southern Bancorp will post 4.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Monday, July 1st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, June 28th. Great Southern Bancorp’s dividend payout ratio is presently 27.18%.
GSBC has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Great Southern Bancorp from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Tuesday, August 6th. ValuEngine lowered shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, BidaskClub lowered shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts.
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