Great Southern Bancorp (NASDAQ:GSBC) Hits New 1-Year High – Here’s What Happened

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) hit a new 52-week high on Wednesday . The stock traded as high as $68.02 and last traded at $66.56, with a volume of 18081 shares trading hands. The stock had previously closed at $58.59.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price objective on shares of Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, October 18th.

Great Southern Bancorp Price Performance

The company has a 50-day moving average of $57.38 and a two-hundred day moving average of $55.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $781.63 million, a PE ratio of 13.12 and a beta of 0.62.

Great Southern Bancorp (NASDAQ:GSBC) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.15. The firm had revenue of $90.79 million during the quarter, compared to the consensus estimate of $54.75 million. Great Southern Bancorp had a net margin of 17.21% and a return on equity of 10.56%. During the same period in the previous year, the firm earned $1.33 earnings per share. Sell-side analysts predict that Great Southern Bancorp, Inc. will post 5.3 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Monday, September 30th. Great Southern Bancorp’s dividend payout ratio (DPR) is currently 31.37%.

Insider Activity at Great Southern Bancorp

In related news, Director William V. Turner sold 4,420 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $56.14, for a total transaction of $248,138.80. Following the completion of the sale, the director now owns 210,112 shares of the company’s stock, valued at approximately $11,795,687.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Great Southern Bancorp

Several hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its position in shares of Great Southern Bancorp by 2.3% during the third quarter. US Bancorp DE now owns 11,543 shares of the financial services provider’s stock worth $662,000 after acquiring an additional 257 shares during the last quarter. Creative Planning increased its holdings in Great Southern Bancorp by 33.4% during the 3rd quarter. Creative Planning now owns 20,288 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 5,079 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Great Southern Bancorp by 48.9% in the 3rd quarter. SG Americas Securities LLC now owns 4,258 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 1,398 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Great Southern Bancorp by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 33,718 shares of the financial services provider’s stock valued at $1,875,000 after buying an additional 335 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Great Southern Bancorp by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 728,045 shares of the financial services provider’s stock worth $40,485,000 after buying an additional 1,964 shares in the last quarter. 41.66% of the stock is currently owned by hedge funds and other institutional investors.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides 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 deposit, brokered certificates, and individual retirement accounts.