Great Southern Bancorp (NASDAQ:GSBC) Shares Cross Above 200 Day Moving Average – Here’s Why

Great Southern Bancorp, Inc. (NASDAQ:GSBC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $64.18 and traded as high as $73.12. Great Southern Bancorp shares last traded at $71.04, with a volume of 157,189 shares traded.

Wall Street Analyst Weigh In

GSBC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Great Southern Bancorp from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Great Southern Bancorp in a report on Tuesday, April 21st. Zacks Research raised shares of Great Southern Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $65.00.

Great Southern Bancorp Stock Performance

The firm has a market cap of $773.63 million, a P/E ratio of 11.26 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50 day moving average is $67.70 and its 200 day moving average is $64.18.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.27 by $0.31. The business had revenue of $55.36 million during the quarter, compared to the consensus estimate of $54.75 million. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.29%. As a group, equities analysts predict that Great Southern Bancorp, Inc. will post 5.84 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.72 annualized dividend and a dividend yield of 2.4%. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 27.26%.

Insider Buying and Selling at Great Southern Bancorp

In other news, VP John M. Bugh sold 2,500 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $67.59, for a total transaction of $168,975.00. Following the completion of the transaction, the vice president owned 1,790 shares of the company’s stock, valued at approximately $120,986.10. This trade represents a 58.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark A. Maples sold 2,387 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $68.95, for a total transaction of $164,583.65. Following the transaction, the vice president directly owned 1,187 shares of the company’s stock, valued at $81,843.65. The trade was a 66.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,687 shares of company stock worth $938,407 over the last ninety days. Insiders own 29.75% of the company’s stock.

Hedge Funds Weigh In On Great Southern Bancorp

Several large investors have recently modified their holdings of GSBC. Russell Investments Group Ltd. raised its stake in shares of Great Southern Bancorp by 1,301.8% during the third quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 716 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Great Southern Bancorp during the fourth quarter valued at $77,000. Royal Bank of Canada raised its stake in shares of Great Southern Bancorp by 24.8% during the first quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 260 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of Great Southern Bancorp during the third quarter valued at $128,000. Finally, R Squared Ltd acquired a new stake in shares of Great Southern Bancorp during the fourth quarter worth $203,000. Institutional investors own 41.66% of the company’s stock.

Great Southern Bancorp Company Profile

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.