Zacks Investment Research lowered shares of Great Southern Bancorp (NASDAQ:GSBC) from a strong-buy rating to a hold rating in a research note published on Wednesday.
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. “
Several other analysts have also recently issued reports on the company. ValuEngine cut Great Southern Bancorp from a buy rating to a hold rating in a research note on Friday, August 3rd. BidaskClub cut Great Southern Bancorp from a buy rating to a hold rating in a research note on Tuesday, July 31st. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $60.00 price objective on shares of Great Southern Bancorp in a research note on Friday, July 20th. Five research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average target price of $61.33.
NASDAQ GSBC traded up $0.70 on Wednesday, hitting $57.40. 137 shares of the stock traded hands, compared to its average volume of 15,126. Great Southern Bancorp has a twelve month low of $48.10 and a twelve month high of $61.65. The stock has a market capitalization of $803.29 million, a P/E ratio of 15.60 and a beta of 0.91. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.73.
Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Great Southern Bancorp had a return on equity of 10.84% and a net margin of 23.35%. The firm had revenue of $48.67 million for the quarter, compared to analysts’ expectations of $47.32 million. analysts anticipate that Great Southern Bancorp will post 4.02 EPS for the current year.
In related news, VP Linton J. Thomason sold 3,900 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $60.15, for a total value of $234,585.00. Following the completion of the transaction, the vice president now directly owns 7,278 shares of the company’s stock, valued at approximately $437,771.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position 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 valued at $6,590,000 after acquiring an additional 1,315 shares during the last quarter. Barclays PLC increased its position in Great Southern Bancorp by 79.5% during the first quarter. Barclays PLC now owns 3,091 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,369 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in Great Southern Bancorp by 10.9% during the first quarter. Cornercap Investment Counsel Inc. now owns 14,570 shares of the financial services provider’s stock worth $728,000 after buying an additional 1,432 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Great Southern Bancorp by 0.9% during the first quarter. The Manufacturers Life Insurance Company now owns 187,871 shares of the financial services provider’s stock worth $9,385,000 after buying an additional 1,747 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Great Southern Bancorp by 5.4% during the second quarter. California Public Employees Retirement System now owns 34,265 shares of the financial services provider’s stock worth $1,960,000 after buying an additional 1,748 shares during the last quarter. 41.39% of the stock is 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 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.
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