State Street Corp Sells 2,337 Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC)

State Street Corp lessened its holdings in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,414 shares of the financial services provider’s stock after selling 2,337 shares during the period. State Street Corp owned approximately 2.45% of Great Southern Bancorp worth $16,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in Great Southern Bancorp by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,885 shares of the financial services provider’s stock worth $3,108,000 after buying an additional 1,504 shares during the period. American Century Companies Inc. raised its holdings in shares of 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 during the period. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 1,964 shares in the last quarter. Thrivent Financial for Lutherans boosted 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 during the period. Finally, Creative Planning boosted its stake in Great Southern Bancorp by 45.7% in the 2nd quarter. Creative Planning now owns 15,209 shares of the financial services provider’s stock worth $846,000 after purchasing an additional 4,772 shares during the period. 41.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price target on Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th.

Great Southern Bancorp Price Performance

Shares of GSBC opened at $61.27 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. Great Southern Bancorp, Inc. has a twelve month low of $48.19 and a twelve month high of $68.01. The stock has a market capitalization of $715.33 million, a P/E ratio of 12.01 and a beta of 0.65. The company has a 50 day moving average of $61.92 and a 200-day moving average of $58.70.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.26 by $0.15. Great Southern Bancorp had a return on equity of 10.36% and a net margin of 17.21%. The firm had revenue of $90.79 million during the quarter, compared to analysts’ expectations of $54.75 million. During the same period in the prior year, the firm posted $1.33 earnings per share. As a group, equities research analysts forecast that Great Southern Bancorp, Inc. will post 5.3 EPS for the current fiscal year.

Great Southern Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.61%. Great Southern Bancorp’s dividend payout ratio (DPR) is 31.37%.

Insider Buying and Selling at Great Southern Bancorp

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

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.