Zacks Investment Research cut shares of Great Southern Bancorp (NASDAQ:GSBC) from a buy rating to a hold rating in a report released on Thursday morning.
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. “
A number of other brokerages also recently commented on GSBC. BidaskClub raised shares of Great Southern Bancorp from a hold rating to a buy rating in a research report on Thursday, November 22nd. ValuEngine downgraded shares of Great Southern Bancorp from a hold rating to a sell rating in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of Hold and an average price target of $56.33.
Shares of GSBC opened at $48.69 on Thursday. Great Southern Bancorp has a one year low of $43.30 and a one year high of $61.65. The stock has a market capitalization of $699.42 million, a PE ratio of 13.23 and a beta of 0.99. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.67.
Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.51. Great Southern Bancorp had a net margin of 26.65% and a return on equity of 12.81%. The company had revenue of $57.59 million during the quarter, compared to the consensus estimate of $49.00 million. On average, research analysts forecast that Great Southern Bancorp will post 4.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, December 28th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 34.78%.
In other news, VP Douglas W. Marrs sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $54.04, for a total transaction of $135,100.00. Following the completion of the sale, the vice president now owns 1,625 shares in the company, valued at approximately $87,815. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Douglas W. Marrs sold 1,296 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $54.47, for a total transaction of $70,593.12. Following the sale, the insider now owns 1,625 shares of the company’s stock, valued at approximately $88,513.75. The disclosure for this sale can be found here. Company insiders own 23.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GSBC. First Trust Advisors LP lifted its stake in shares of Great Southern Bancorp by 19.7% during the 2nd quarter. First Trust Advisors LP now owns 33,082 shares of the financial services provider’s stock worth $1,892,000 after buying an additional 5,449 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Great Southern Bancorp by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,211 shares of the financial services provider’s stock worth $6,590,000 after buying an additional 1,315 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Great Southern Bancorp during the 2nd quarter worth about $126,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Great Southern Bancorp by 13.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 72,965 shares of the financial services provider’s stock worth $4,174,000 after buying an additional 8,763 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Great Southern Bancorp by 12.0% during the 2nd quarter. Swiss National Bank now owns 20,600 shares of the financial services provider’s stock worth $1,178,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 43.25% of the company’s stock.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposits, brokered certificates, and individual retirement accounts.
Further Reading: Systematic Risk
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Great Southern Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Southern Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.