Piper Sandler Lowers Great Southern Bancorp (NASDAQ:GSBC) Price Target to $64.00

Great Southern Bancorp (NASDAQ:GSBC) had its price objective decreased by equities researchers at Piper Sandler from $67.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price would indicate a potential upside of 9.10% from the stock’s current price.

Great Southern Bancorp Stock Performance

Shares of GSBC opened at $58.66 on Thursday. The stock has a market capitalization of $684.86 million, a price-to-earnings ratio of 11.15 and a beta of 0.65. Great Southern Bancorp has a 12 month low of $48.19 and a 12 month high of $68.01. The firm has a fifty day simple moving average of $61.73 and a 200 day simple moving average of $59.64. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.05). Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. Research analysts forecast that Great Southern Bancorp will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Julie A. Brown sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $61.05, for a total transaction of $152,625.00. Following the transaction, the director now directly owns 32,896 shares of the company’s stock, valued at approximately $2,008,300.80. The trade was a 7.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark A. Maples sold 2,074 shares of the firm’s 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. Over the last three months, insiders have sold 19,174 shares of company stock worth $1,235,009. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Great Southern Bancorp by 30.8% during the third quarter. FMR LLC now owns 58,613 shares of the financial services provider’s stock worth $3,359,000 after acquiring an additional 13,799 shares during the period. Barclays PLC lifted its holdings in Great Southern Bancorp by 136.6% during the 3rd quarter. Barclays PLC now owns 15,508 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 8,954 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Great Southern Bancorp by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,048 shares of the financial services provider’s stock valued at $4,072,000 after purchasing an additional 280 shares during the period. Independent Advisor Alliance grew its holdings in Great Southern Bancorp by 219.1% in the 3rd quarter. Independent Advisor Alliance now owns 24,862 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 17,070 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in 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 worth $11,683,000 after buying an additional 1,891 shares during the period. Institutional investors and hedge funds own 41.66% of the company’s stock.

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.