Keefe, Bruyette & Woods Reaffirms Hold Rating for Great Southern Bancorp, Inc. (GSBC)
Keefe, Bruyette & Woods reiterated their hold rating on shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) in a report released on Tuesday morning. Keefe, Bruyette & Woods currently has a $52.00 target price on the financial services provider’s stock.
A number of other brokerages have also recently commented on GSBC. Zacks Investment Research cut shares of Great Southern Bancorp from a strong-buy rating to a hold rating in a research report on Tuesday, July 25th. BidaskClub cut shares of Great Southern Bancorp from a hold rating to a sell rating in a research report on Friday, July 28th.
Shares of Great Southern Bancorp (GSBC) traded down 0.26% during mid-day trading on Tuesday, hitting $56.65. 35,138 shares of the stock traded hands. The stock has a market cap of $795.14 million, a price-to-earnings ratio of 15.87 and a beta of 1.12. Great Southern Bancorp has a 12 month low of $38.35 and a 12 month high of $57.00. The firm has a 50 day moving average of $51.21 and a 200 day moving average of $51.13.
Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.37. The company had revenue of $53.70 million during the quarter, compared to analysts’ expectations of $49.78 million. Great Southern Bancorp had a net margin of 22.84% and a return on equity of 11.62%. On average, equities analysts expect that Great Southern Bancorp will post $3.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, September 29th. Great Southern Bancorp’s dividend payout ratio (DPR) is 26.82%.
In related news, Director William V. Turner sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $52.73, for a total transaction of $263,650.00. Following the completion of the sale, the director now directly owns 173,853 shares in the company, valued at $9,167,268.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William V. Turner sold 10,800 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $52.76, for a total transaction of $569,808.00. Following the sale, the director now owns 173,853 shares of the company’s stock, valued at $9,172,484.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,851 shares of company stock valued at $836,004. 23.78% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Great Southern Bancorp by 4.9% during the first quarter. Bank of America Corp DE now owns 3,254 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 152 shares during the last quarter. Smith Asset Management Group LP increased its position in Great Southern Bancorp by 560.7% during the second quarter. Smith Asset Management Group LP now owns 4,242 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 3,600 shares during the last quarter. Menta Capital LLC acquired a new stake in Great Southern Bancorp during the first quarter worth about $238,000. Aperio Group LLC acquired a new stake in Great Southern Bancorp during the second quarter worth about $274,000. Finally, American International Group Inc. increased its position in Great Southern Bancorp by 7.2% during the first quarter. American International Group Inc. now owns 6,612 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 40.21% of the company’s stock.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent 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 makes long-term, fixed-rate residential real estate loans.
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