Great Southern Bancorp (NASDAQ:GSBC) Sees Strong Trading Volume – Here’s Why

Great Southern Bancorp, Inc. (NASDAQ:GSBC) shares saw an uptick in trading volume on Friday . 26,582 shares were traded during trading, a decline of 3% from the previous session’s volume of 27,396 shares.The stock last traded at $56.58 and had previously closed at $57.08.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on Great Southern Bancorp from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd.

Great Southern Bancorp Stock Performance

The stock has a 50-day simple moving average of $59.15 and a 200 day simple moving average of $59.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $666.76 million, a PE ratio of 10.86 and a beta of 0.62.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share (EPS) 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%. Equities analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were given a $0.40 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.60 annualized dividend and a dividend yield of 2.80%. Great Southern Bancorp’s dividend payout ratio is currently 30.42%.

Insider Activity

In related news, VP Kevin L. Baker sold 5,000 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $60.02, for a total value of $300,100.00. Following the completion of the transaction, the vice president now directly owns 14 shares in the company, valued at approximately $840.28. This represents a 99.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Great Southern Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Great Southern Bancorp by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 731,380 shares of the financial services provider’s stock valued at $43,664,000 after purchasing an additional 3,019 shares during the last quarter. American Century Companies Inc. increased its stake in Great Southern Bancorp by 8.1% during the fourth quarter. American Century Companies Inc. now owns 208,213 shares of the financial services provider’s stock worth $12,430,000 after acquiring an additional 15,557 shares during the last quarter. Geode Capital Management LLC increased its stake in Great Southern Bancorp by 0.9% during the third quarter. Geode Capital Management LLC now owns 203,810 shares of the financial services provider’s stock worth $11,683,000 after acquiring an additional 1,891 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Great Southern Bancorp by 10.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 151,966 shares of the financial services provider’s stock worth $9,072,000 after acquiring an additional 14,425 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Great Southern Bancorp by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,411 shares of the financial services provider’s stock worth $4,263,000 after acquiring an additional 363 shares during the last quarter. 41.66% of the stock is currently owned by institutional investors and hedge funds.

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.