Great Southern Bancorp (NASDAQ:GSBC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Great Southern Bancorp (NASDAQ:GSBCFree Report) from a hold rating to a sell rating in a report issued on Friday morning.

Several other research firms also recently weighed in on GSBC. Piper Sandler dropped their price target on Great Southern Bancorp from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on shares of Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, April 21st.

Get Our Latest Stock Report on Great Southern Bancorp

Great Southern Bancorp Stock Performance

NASDAQ GSBC opened at $56.86 on Friday. The business has a 50 day moving average price of $55.19 and a 200 day moving average price of $58.28. The company has a market capitalization of $652.07 million, a P/E ratio of 10.81 and a beta of 0.52. Great Southern Bancorp has a 1-year low of $47.57 and a 1-year high of $68.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93.

Great Southern Bancorp (NASDAQ:GSBCGet Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.21. Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. The company had revenue of $55.92 million for the quarter, compared to the consensus estimate of $55.53 million. Sell-side analysts expect that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, March 31st. Great Southern Bancorp’s dividend payout ratio (DPR) is 28.57%.

Institutional Investors Weigh In On Great Southern Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in GSBC. Janney Montgomery Scott LLC grew its holdings in Great Southern Bancorp by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,235 shares of the financial services provider’s stock valued at $611,000 after buying an additional 391 shares during the period. Empowered Funds LLC acquired a new stake in shares of Great Southern Bancorp in the fourth quarter worth approximately $483,000. Allspring Global Investments Holdings LLC grew its holdings in Great Southern Bancorp by 10.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 151,966 shares of the financial services provider’s stock valued at $9,072,000 after purchasing an additional 14,425 shares during the period. Legato Capital Management LLC raised its stake in Great Southern Bancorp by 101.0% during the fourth quarter. Legato Capital Management LLC now owns 17,759 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 8,923 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Great Southern Bancorp in the 4th quarter valued at $966,000. Hedge funds and other institutional investors own 41.66% of the company’s stock.

Great Southern Bancorp Company Profile

(Get Free Report)

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides 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.

Further Reading

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