Joseph Turner Sells 6,000 Shares of Great Southern Bancorp (NASDAQ:GSBC) Stock

Great Southern Bancorp, Inc. (NASDAQ:GSBC) CEO Joseph Turner sold 6,000 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $60.74, for a total transaction of $364,440.00. Following the sale, the chief executive officer directly owned 137,382 shares of the company’s stock, valued at approximately $8,344,582.68. The trade was a 4.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Great Southern Bancorp Price Performance

Shares of Great Southern Bancorp stock opened at $59.49 on Thursday. The stock has a market cap of $665.69 million, a P/E ratio of 9.60 and a beta of 0.52. 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 stock’s fifty day moving average is $62.44 and its 200 day moving average is $60.78. Great Southern Bancorp, Inc. has a one year low of $47.57 and a one year high of $67.70.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. Great Southern Bancorp had a return on equity of 11.40% and a net margin of 20.70%.The business had revenue of $56.35 million during the quarter, compared to analysts’ expectations of $55.03 million. Sell-side analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Monday, December 29th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, December 29th. Great Southern Bancorp’s dividend payout ratio is currently 27.74%.

Analyst Ratings Changes

A number of research firms have weighed in on GSBC. Keefe, Bruyette & Woods upped their price target on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Great Southern Bancorp in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Great Southern Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Great Southern Bancorp has an average rating of “Hold” and a consensus price target of $60.50.

Hedge Funds Weigh In On Great Southern Bancorp

Several hedge funds have recently modified their holdings of GSBC. State of Alaska Department of Revenue purchased a new position in Great Southern Bancorp during the third quarter valued at $27,000. Russell Investments Group Ltd. grew its position 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 purchasing an additional 716 shares in the last quarter. CWM LLC grew its position in shares of Great Southern Bancorp by 150.4% during the second quarter. CWM LLC now owns 859 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 516 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Great Southern Bancorp in the third quarter worth about $128,000. Finally, Walleye Capital LLC purchased a new stake in shares of Great Southern Bancorp in the second quarter worth about $206,000. Hedge funds and other institutional investors own 41.66% of the company’s stock.

About Great Southern Bancorp

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.