Great Southern Bancorp (NASDAQ:GSBC) Sees Large Volume Increase

Great Southern Bancorp, Inc. (NASDAQ:GSBC) shares saw unusually-strong trading volume on Friday . Approximately 17,561 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 27,971 shares.The stock last traded at $60.96 and had previously closed at $61.53.

Analyst Ratings Changes

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

Great Southern Bancorp Trading Down 2.4 %

The company’s 50-day moving average is $58.82 and its 200-day moving average is $54.74. The firm has a market cap of $700.41 million, a price-to-earnings ratio of 12.09 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.25. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. The company had revenue of $90.76 million during the quarter, compared to analysts’ expectations of $53.75 million. During the same period in the prior year, the business posted $1.52 EPS. On average, research analysts predict that Great Southern Bancorp, Inc. will post 5.09 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Monday, September 30th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 31.43%.

Insiders Place Their Bets

In other news, Director William V. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total value of $379,140.00. Following the completion of the sale, the director now directly owns 214,532 shares in the company, valued at $13,556,277.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Great Southern Bancorp news, Director William V. Turner sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total value of $379,140.00. Following the sale, the director now owns 214,532 shares in the company, valued at $13,556,277.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Earl A. Steinert, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $63.21, for a total transaction of $316,050.00. Following the sale, the director now directly owns 939,596 shares in the company, valued at $59,391,863.16. The disclosure for this sale can be found here. Insiders sold a total of 15,670 shares of company stock valued at $958,706 over the last ninety days. 27.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GSBC. Thrivent Financial for Lutherans lifted its stake in Great Southern Bancorp by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 33,718 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 335 shares in the last quarter. Commerce Bank lifted its position in shares of Great Southern Bancorp by 5.1% in the 4th quarter. Commerce Bank now owns 8,230 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 400 shares during the period. EntryPoint Capital LLC lifted its position in Great Southern Bancorp by 130.5% during the 1st quarter. EntryPoint Capital LLC now owns 959 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 543 shares during the period. Gradient Investments LLC purchased a new position in Great Southern Bancorp in the second quarter worth about $40,000. Finally, EMC Capital Management grew its stake in shares of Great Southern Bancorp by 33.4% in the first quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 1,123 shares during the period. 41.66% of the stock is owned by institutional investors.

About Great Southern Bancorp

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.