Great Southern Bancorp (NASDAQ:GSBC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $61.56 and traded as high as $63.54. Great Southern Bancorp shares last traded at $62.78, with a volume of 71,815 shares traded.

Wall Street Analyst Weigh In

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

Great Southern Bancorp Price Performance

The firm’s 50 day moving average price is $62.85 and its two-hundred day moving average price is $61.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $702.51 million, a PE ratio of 10.13 and a beta of 0.51.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.38 by $0.07. Great Southern Bancorp had a net margin of 20.70% and a return on equity of 11.40%. The company had revenue of $56.35 million during the quarter, compared to the consensus estimate of $55.03 million. On average, research analysts expect that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Monday, December 29th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.72 dividend on an annualized basis and a yield of 2.7%. Great Southern Bancorp’s dividend payout ratio is 27.74%.

Insider Buying and Selling at Great Southern Bancorp

In other news, CEO Joseph W. Turner sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $60.74, for a total value of $364,440.00. Following the completion of the transaction, the chief executive officer directly owned 137,382 shares in the company, valued at approximately $8,344,582.68. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William V. Turner sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $59.70, for a total transaction of $358,200.00. Following the sale, the director directly owned 199,112 shares in the company, valued at $11,886,986.40. This trade represents a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,680 shares of company stock valued at $885,376 in the last quarter. 27.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Great Southern Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in Great Southern Bancorp by 8.2% in the 2nd quarter. American Century Companies Inc. now owns 247,179 shares of the financial services provider’s stock worth $14,529,000 after buying an additional 18,718 shares in the last quarter. Creative Planning lifted its holdings in shares of Great Southern Bancorp by 58.2% during the 2nd quarter. Creative Planning now owns 35,073 shares of the financial services provider’s stock worth $2,062,000 after acquiring an additional 12,906 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Great Southern Bancorp by 35.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,624 shares of the financial services provider’s stock worth $918,000 after acquiring an additional 4,083 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Great Southern Bancorp by 25.2% in the second quarter. Thrivent Financial for Lutherans now owns 50,433 shares of the financial services provider’s stock valued at $2,965,000 after acquiring an additional 10,163 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Great Southern Bancorp by 32.5% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,925 shares of the financial services provider’s stock valued at $642,000 after acquiring an additional 2,680 shares during the last quarter. 41.66% of the stock is owned by hedge funds and other institutional investors.

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.