Bank of New York Mellon Corp Purchases 1,504 Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC)

Bank of New York Mellon Corp grew its position in Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,885 shares of the financial services provider’s stock after acquiring an additional 1,504 shares during the period. Bank of New York Mellon Corp owned 0.48% of Great Southern Bancorp worth $3,108,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Commerce Bank raised its stake in shares of Great Southern Bancorp by 5.1% in the fourth quarter. Commerce Bank now owns 8,230 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 400 shares during the last quarter. EntryPoint Capital LLC raised its position in Great Southern Bancorp by 130.5% in the 1st quarter. EntryPoint Capital LLC now owns 959 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 543 shares during the last quarter. Gradient Investments LLC bought a new position in Great Southern Bancorp in the 2nd quarter worth approximately $40,000. EMC Capital Management raised its position in Great Southern Bancorp by 33.4% in the 1st quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Great Southern Bancorp by 22.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,349 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 1,897 shares during the last quarter. Institutional investors own 41.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price objective on shares of Great Southern Bancorp from $53.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th.

Great Southern Bancorp Stock Performance

GSBC stock opened at $57.50 on Monday. The company has a 50 day moving average price of $58.46 and a 200 day moving average price of $54.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. Great Southern Bancorp, Inc. has a fifty-two week low of $45.66 and a fifty-two week high of $65.90. The stock has a market capitalization of $671.60 million, a PE ratio of 11.30 and a beta of 0.62.

Great Southern Bancorp (NASDAQ:GSBC) last released its earnings results on Tuesday, July 16th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.25. Great Southern Bancorp had a net margin of 17.42% and a return on equity of 10.62%. The firm had revenue of $90.76 million during the quarter, compared to analyst estimates of $53.75 million. During the same quarter in the previous year, the business earned $1.52 EPS. Analysts forecast that Great Southern Bancorp, Inc. will post 5.09 EPS for the current year.

Great Southern Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Monday, July 1st. Great Southern Bancorp’s dividend payout ratio is presently 31.43%.

Insiders Place Their Bets

In other Great Southern Bancorp news, Director William V. Turner sold 4,420 shares of Great Southern Bancorp stock in a transaction 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William V. Turner sold 4,420 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $56.14, for a total value of $248,138.80. Following the completion of the transaction, the director now owns 210,112 shares of the company’s stock, valued at approximately $11,795,687.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Earl A. Steinert, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total transaction of $316,050.00. Following the completion of the transaction, the director now directly owns 939,596 shares of the company’s stock, valued at approximately $59,391,863.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,670 shares of company stock valued at $958,706. Company insiders own 27.60% of the company’s stock.

Great Southern Bancorp 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.