Great Southern Bancorp, Inc. (GSBC) Downgraded to Sell at Zacks Investment Research

Great Southern Bancorp, Inc. (NASDAQ:GSBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, October 24th.

According to Zacks, “Great Southern Bancorp, Inc. is a financial holding company which owned directly all of the stock of Great Southern Bank and other non-banking subsidiaries. “

Other research analysts have also recently issued reports about the stock. Sandler O’Neill cut shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 price target on shares of Great Southern Bancorp in a research report on Tuesday, October 3rd. Finally, BidaskClub cut shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.

Shares of Great Southern Bancorp (NASDAQ GSBC) opened at $51.50 on Tuesday. Great Southern Bancorp has a 52-week low of $44.70 and a 52-week high of $58.45. The firm has a market capitalization of $724.04, a PE ratio of 14.31 and a beta of 1.06. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The company had revenue of $46.94 million for the quarter, compared to analysts’ expectations of $46.30 million. Great Southern Bancorp had a net margin of 23.03% and a return on equity of 11.46%. sell-side analysts predict that Great Southern Bancorp will post 3.58 EPS for the current year.

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In other news, VP Douglas W. Marrs sold 625 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $54.68, for a total transaction of $34,175.00. Following the completion of the transaction, the vice president now directly owns 2,531 shares in the company, valued at $138,395.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rex A. Copeland sold 5,250 shares of Great Southern Bancorp stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $55.00, for a total value of $288,750.00. Following the completion of the sale, the insider now owns 24,698 shares of the company’s stock, valued at $1,358,390. The disclosure for this sale can be found here. Corporate insiders own 23.78% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. lifted its holdings in Great Southern Bancorp by 3.5% in the 2nd quarter. Prudential Financial Inc. now owns 114,017 shares of the financial services provider’s stock worth $6,100,000 after purchasing an additional 3,820 shares in the last quarter. LSV Asset Management increased its position in shares of Great Southern Bancorp by 2.2% during the 2nd quarter. LSV Asset Management now owns 166,831 shares of the financial services provider’s stock valued at $8,925,000 after purchasing an additional 3,540 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Great Southern Bancorp by 2.6% during the 1st quarter. Russell Investments Group Ltd. now owns 16,030 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 400 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Great Southern Bancorp by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 24,273 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 472 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Great Southern Bancorp by 6.0% during the 1st quarter. Swiss National Bank now owns 16,000 shares of the financial services provider’s stock valued at $808,000 after purchasing an additional 900 shares during the last quarter. 40.26% of the stock is currently owned by hedge funds and other institutional investors.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.

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