The Manufacturers Life Insurance Company Has $7.38 Million Position in Great Southern Bancorp, Inc. (NASDAQ:GSBC)

The Manufacturers Life Insurance Company cut its position in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,742 shares of the financial services provider’s stock after selling 883 shares during the quarter. The Manufacturers Life Insurance Company owned 1.14% of Great Southern Bancorp worth $7,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GSBC. Dimensional Fund Advisors LP increased its stake in Great Southern Bancorp by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 728,045 shares of the financial services provider’s stock valued at $40,485,000 after buying an additional 1,964 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Great Southern Bancorp by 11.5% in the first quarter. Vanguard Group Inc. now owns 564,032 shares of the financial services provider’s stock valued at $30,920,000 after acquiring an additional 58,041 shares during the last quarter. American Century Companies Inc. raised its holdings in Great Southern Bancorp by 15.6% during the second quarter. American Century Companies Inc. now owns 173,711 shares of the financial services provider’s stock worth $9,660,000 after acquiring an additional 23,401 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Great Southern Bancorp by 11.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 150,742 shares of the financial services provider’s stock valued at $8,264,000 after purchasing an additional 15,941 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Great Southern Bancorp by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 55,885 shares of the financial services provider’s stock valued at $3,108,000 after purchasing an additional 1,504 shares in the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.

Insider Buying and Selling at Great Southern Bancorp

In other Great Southern Bancorp news, Director Earl A. Steinert, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total value of $316,050.00. Following the transaction, the director now directly owns 939,596 shares in the company, valued at $59,391,863.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director William V. Turner sold 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $63.19, for a total transaction of $379,140.00. Following the transaction, the director now owns 214,532 shares in the company, valued at approximately $13,556,277.08. This trade represents a 0.00 % decrease in their ownership of the stock. 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 on Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total value of $316,050.00. Following the completion of the sale, the director now owns 939,596 shares of the company’s stock, valued at $59,391,863.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,670 shares of company stock valued at $958,706 in the last quarter. 27.60% of the stock is currently owned by insiders.

Great Southern Bancorp Stock Performance

Shares of GSBC opened at $55.25 on Friday. The company has a market cap of $644.10 million, a PE ratio of 10.85 and a beta of 0.62. The firm has a 50-day moving average of $57.57 and a 200-day moving average of $55.12. Great Southern Bancorp, Inc. has a one year low of $46.60 and a one year high of $65.90. 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 (NASDAQ:GSBC) last posted its quarterly 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. The business had revenue of $90.76 million during the quarter, compared to analysts’ expectations of $53.75 million. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. During the same quarter last year, the company posted $1.52 earnings per share. As a group, equities analysts forecast that Great Southern Bancorp, Inc. will post 5.09 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, September 30th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 31.43%.

Wall Street Analysts Forecast Growth

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

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.