JPMorgan Chase & Co. Increases Stock Position in Great Southern Bancorp, Inc. (NASDAQ:GSBC)

JPMorgan Chase & Co. increased its stake in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 98.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,779 shares of the financial services provider’s stock after purchasing an additional 9,325 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Great Southern Bancorp worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in Great Southern Bancorp during the third quarter valued at $221,000. Barclays PLC grew its stake in shares of Great Southern Bancorp by 136.6% during the 3rd quarter. Barclays PLC now owns 15,508 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 8,954 shares during the period. Geode Capital Management LLC increased its position in shares of Great Southern Bancorp by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 203,810 shares of the financial services provider’s stock valued at $11,683,000 after purchasing an additional 1,891 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Great Southern Bancorp by 20.0% in the 3rd quarter. Jane Street Group LLC now owns 11,925 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 1,985 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Great Southern Bancorp by 1.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 62,160 shares of the financial services provider’s stock worth $3,562,000 after buying an additional 600 shares during the last quarter. 41.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their target price on shares of Great Southern Bancorp from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday.

Insider Activity

In other Great Southern Bancorp news, CEO Joseph W. Turner sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $66.63, for a total transaction of $399,780.00. Following the completion of the sale, the chief executive officer now directly owns 137,382 shares of the company’s stock, valued at $9,153,762.66. This trade represents a 4.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mark A. Maples sold 2,074 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $67.19, for a total transaction of $139,352.06. The disclosure for this sale can be found here. Insiders have sold 19,174 shares of company stock worth $1,235,009 in the last three months. Company insiders own 27.60% of the company’s stock.

Great Southern Bancorp Price Performance

NASDAQ GSBC opened at $58.66 on Friday. The business’s fifty day moving average is $61.73 and its 200 day moving average is $59.64. Great Southern Bancorp, Inc. has a fifty-two week low of $48.19 and a fifty-two week high of $68.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $684.86 million, a PE ratio of 11.15 and a beta of 0.65.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.05). Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. Sell-side analysts predict that Great Southern Bancorp, Inc. will post 5.18 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were paid a $0.40 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

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.