Great Southern Bancorp Inc. (GSBC) Upgraded to Hold at Zacks Investment Research
Great Southern Bancorp Inc. (NASDAQ:GSBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Great Southern Bancorp, Inc. is a financial holding company which owned directly all of the stock of Great Southern Bank and other non-banking subsidiaries. “
Separately, FIG Partners downgraded Great Southern Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 8th.
Great Southern Bancorp (NASDAQ:GSBC) traded down 1.27% during midday trading on Tuesday, reaching $41.30. The company’s stock had a trading volume of 23,791 shares. The firm has a market cap of $574.52 million, a P/E ratio of 12.91 and a beta of 1.12. The firm has a 50 day moving average of $41.74 and a 200 day moving average of $39.28. Great Southern Bancorp has a 52-week low of $34.48 and a 52-week high of $52.94.
Great Southern Bancorp (NASDAQ:GSBC) last released its earnings results on Tuesday, July 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.09. Great Southern Bancorp had a return on equity of 11.24% and a net margin of 21.91%. Analysts anticipate that Great Southern Bancorp will post $3.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Monday, October 3rd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, September 29th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 27.50%.
In other news, Director William V. Turner sold 5,000 shares of Great Southern Bancorp stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $39.54, for a total value of $197,700.00. Following the completion of the transaction, the director now directly owns 194,898 shares in the company, valued at $7,706,266.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Linton J. Thomason sold 1,900 shares of Great Southern Bancorp stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $41.91, for a total value of $79,629.00. Following the completion of the transaction, the vice president now owns 8,939 shares of the company’s stock, valued at $374,633.49. The disclosure for this sale can be found here. 24.15% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. boosted its position in shares of Great Southern Bancorp by 4.2% in the first quarter. Prudential Financial Inc. now owns 89,587 shares of the financial services provider’s stock valued at $3,326,000 after buying an additional 3,600 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Great Southern Bancorp by 35.0% in the first quarter. JPMorgan Chase & Co. now owns 132,328 shares of the financial services provider’s stock valued at $4,913,000 after buying an additional 34,325 shares during the period. Acrospire Investment Management LLC bought a new position in shares of Great Southern Bancorp during the first quarter valued at $103,000. Bogle Investment Management L P DE bought a new position in shares of Great Southern Bancorp during the first quarter valued at $831,000. Finally, Kennedy Capital Management Inc. boosted its position in shares of Great Southern Bancorp by 12.2% in the first quarter. Kennedy Capital Management Inc. now owns 101,238 shares of the financial services provider’s stock valued at $3,759,000 after buying an additional 11,022 shares during the period. Institutional investors own 34.11% of the company’s stock.
About Great Southern Bancorp
Great Southern Bancorp, Inc is a bank holding company. The Company is a financial holding and parent company of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank offers banking services through its approximately 108 banking centers located in southern and central Missouri; the Kansas City, Missouri area; the St.
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