Great Southern Bancorp (NASDAQ:GSBC) Price Target Cut to $62.00

Great Southern Bancorp (NASDAQ:GSBC) had its target price decreased by Piper Sandler from $64.00 to $62.00 in a research report issued on Friday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 6.16% from the company’s current price.

Great Southern Bancorp Trading Up 0.6 %

Shares of Great Southern Bancorp stock opened at $58.40 on Friday. The firm has a market cap of $680.83 million, a PE ratio of 11.47 and a beta of 0.62. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. Great Southern Bancorp has a fifty-two week low of $46.60 and a fifty-two week high of $65.90. The business’s fifty day moving average is $57.24 and its two-hundred day moving average is $55.40.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.15. The firm had revenue of $90.79 million for the quarter, compared to analyst estimates of $54.75 million. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. During the same period last year, the company earned $1.33 EPS. Analysts anticipate that Great Southern Bancorp will post 5.09 earnings per share for the current year.

Insider Activity

In other Great Southern Bancorp news, Director William V. Turner sold 6,000 shares of the business’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 transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Great Southern Bancorp news, Director William V. Turner sold 4,420 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 in the company, valued at $11,795,687.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William V. Turner sold 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total transaction of $379,140.00. Following the completion of the sale, the director now directly owns 214,532 shares of the company’s stock, valued at $13,556,277.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,670 shares of company stock valued at $958,706 in the last three months. Corporate insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning lifted its holdings in Great Southern Bancorp by 33.4% in the 3rd quarter. Creative Planning now owns 20,288 shares of the financial services provider’s stock worth $1,163,000 after buying an additional 5,079 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Great Southern Bancorp by 48.9% in the third quarter. SG Americas Securities LLC now owns 4,258 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 1,398 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Great Southern Bancorp by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 33,718 shares of the financial services provider’s stock valued at $1,875,000 after purchasing an additional 335 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Great Southern Bancorp by 0.3% during 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 purchasing an additional 1,964 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Great Southern Bancorp by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 173,711 shares of the financial services provider’s stock worth $9,660,000 after purchasing an additional 23,401 shares during the last quarter. 41.66% of the stock is currently owned by hedge funds and other 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.