Great Southern Bancorp (NASDAQ:GSBC) Shares Gap Down – Here’s What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC) gapped down prior to trading on Thursday . The stock had previously closed at $58.19, but opened at $55.86. Great Southern Bancorp shares last traded at $57.11, with a volume of 5,227 shares trading hands.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their target price on shares of Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, October 18th.

Great Southern Bancorp Stock Down 3.0 %

The stock has a 50-day moving average of $57.43 and a 200 day moving average of $55.55. The company has a market capitalization of $663.22 million, a PE ratio of 11.18 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 (NASDAQ:GSBC) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.15. The firm had revenue of $90.79 million during 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 firm posted $1.33 EPS. Sell-side analysts anticipate that Great Southern Bancorp, Inc. will post 5.09 EPS for the current year.

Great Southern Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Monday, September 30th. Great Southern Bancorp’s payout ratio is 31.43%.

Insider Activity

In related news, Director William V. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total value of $379,140.00. Following the sale, the director now owns 214,532 shares of the company’s stock, valued at approximately $13,556,277.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Great Southern Bancorp news, Director William V. Turner sold 4,420 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $56.14, for a total transaction 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 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 available through this link. Also, 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 approximately $13,556,277.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Creative Planning boosted its holdings in shares of Great Southern Bancorp by 33.4% in the third quarter. Creative Planning now owns 20,288 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 5,079 shares during the period. SG Americas Securities LLC grew its holdings in Great Southern Bancorp by 48.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,258 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,398 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Great Southern Bancorp by 1.0% during 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 buying an additional 335 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Great Southern Bancorp by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 728,045 shares of the financial services provider’s stock worth $40,485,000 after buying an additional 1,964 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Great Southern Bancorp by 15.6% in the second quarter. American Century Companies Inc. now owns 173,711 shares of the financial services provider’s stock valued at $9,660,000 after acquiring an additional 23,401 shares during the period. 41.66% of the stock is currently owned by hedge funds and other institutional investors.

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.