Great Southern Bancorp (NASDAQ:GSBC) Hits New 1-Year High – Here’s What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC) shares hit a new 52-week high on Wednesday . The company traded as high as $72.75 and last traded at $71.32, with a volume of 113238 shares changing hands. The stock had previously closed at $70.93.

Analyst Ratings Changes

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

Great Southern Bancorp Stock Up 0.6%

The business has a fifty day moving average of $66.88 and a 200 day moving average of $63.80. The stock has a market cap of $776.89 million, a price-to-earnings ratio of 11.31 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93.

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

Great Southern Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were issued a $0.43 dividend. The ex-dividend date was Monday, March 30th. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. Great Southern Bancorp’s dividend payout ratio is currently 27.26%.

Insider Transactions at Great Southern Bancorp

In related news, VP John M. Bugh sold 2,500 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $67.59, for a total value of $168,975.00. Following the transaction, the vice president owned 1,790 shares in the company, valued at approximately $120,986.10. This represents a 58.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph W. Turner sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $68.16, for a total value of $408,960.00. Following the completion of the transaction, the chief executive officer owned 136,182 shares in the company, valued at $9,282,165.12. This represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 13,687 shares of company stock worth $938,407. Corporate insiders own 29.75% of the company’s stock.

Hedge Funds Weigh In On Great Southern Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of Great Southern Bancorp by 5.0% in the fourth quarter. Comerica Bank now owns 4,149 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 198 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Great Southern Bancorp by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 234 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Great Southern Bancorp by 1.9% in the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 253 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Great Southern Bancorp by 24.8% in the first quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 260 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Great Southern Bancorp by 2.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 10,857 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 276 shares during the last quarter. Institutional investors and hedge funds 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.