Great Southern Bancorp (NASDAQ:GSBC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $61.42 and traded as high as $62.44. Great Southern Bancorp shares last traded at $62.44, with a volume of 78,973 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GSBC shares. Keefe, Bruyette & Woods lifted their target price on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. Zacks Research upgraded shares of Great Southern Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.50.

Great Southern Bancorp Stock Performance

The company has a market capitalization of $698.70 million, a P/E ratio of 10.07 and a beta of 0.52. The company’s 50 day moving average is $63.02 and its 200-day moving average is $61.42. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. Great Southern Bancorp had a net margin of 20.70% and a return on equity of 11.40%. The business had revenue of $56.35 million for the quarter, compared to analysts’ expectations of $55.03 million. Equities analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Monday, December 29th were paid a $0.43 dividend. The ex-dividend date was Monday, December 29th. This represents a $1.72 annualized dividend and a dividend yield of 2.8%. Great Southern Bancorp’s dividend payout ratio is presently 27.74%.

Insider Buying and Selling at Great Southern Bancorp

In other Great Southern Bancorp news, Director Thomas J. Carlson sold 2,000 shares of Great Southern Bancorp stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $59.89, for a total transaction of $119,780.00. Following the completion of the transaction, the director owned 100 shares in the company, valued at approximately $5,989. The trade was a 95.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph W. Turner sold 6,000 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $60.74, for a total value of $364,440.00. Following the completion of the sale, the chief executive officer directly owned 137,382 shares in the company, valued at $8,344,582.68. This trade represents a 4.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 14,680 shares of company stock worth $885,376. 27.93% of the stock is owned by insiders.

Institutional Trading of Great Southern Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Great Southern Bancorp by 8.3% in the first quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider’s stock worth $801,000 after buying an additional 1,114 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Great Southern Bancorp by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 234 shares in the last quarter. Empowered Funds LLC raised its holdings in Great Southern Bancorp by 68.5% in the 1st quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider’s stock worth $755,000 after acquiring an additional 5,546 shares during the last quarter. Jane Street Group LLC bought a new position in Great Southern Bancorp in the 1st quarter valued at approximately $1,146,000. Finally, CWM LLC boosted its stake in Great Southern Bancorp by 150.4% during the 2nd quarter. CWM LLC now owns 859 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 516 shares during the last quarter. 41.66% of the stock is currently owned by institutional investors.

About Great Southern Bancorp

Great Southern Bancorp, Inc (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank’s core business activities include deposit-taking, lending and treasury management.