BidaskClub Lowers Great Southern Bancorp (NASDAQ:GSBC) to Sell

BidaskClub downgraded shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a sell rating in a research note published on Thursday morning, BidAskClub reports.

Several other brokerages have also weighed in on GSBC. Zacks Investment Research upgraded shares of Great Southern Bancorp from a hold rating to a buy rating and set a $65.00 target price on the stock in a research report on Tuesday, August 6th. ValuEngine lowered shares of Great Southern Bancorp from a hold rating to a sell rating in a research report on Thursday, August 1st.

NASDAQ:GSBC opened at $56.29 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50-day moving average is $58.50 and its 200-day moving average is $56.54. Great Southern Bancorp has a 52-week low of $43.30 and a 52-week high of $61.35. The company has a market cap of $782.12 million, a price-to-earnings ratio of 11.95 and a beta of 1.05.

Great Southern Bancorp (NASDAQ:GSBC) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.15. Great Southern Bancorp had a net margin of 28.97% and a return on equity of 14.06%. The business had revenue of $52.08 million for the quarter, compared to analyst estimates of $51.50 million. Equities analysts predict that Great Southern Bancorp will post 4.84 EPS for the current year.

In other news, VP Kevin L. Baker sold 2,500 shares of Great Southern Bancorp stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $59.50, for a total transaction of $148,750.00. Following the sale, the vice president now directly owns 636 shares in the company, valued at approximately $37,842. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John M. Bugh sold 1,000 shares of Great Southern Bancorp stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $56.71, for a total transaction of $56,710.00. Following the sale, the vice president now owns 2,790 shares in the company, valued at $158,220.90. The disclosure for this sale can be found here. 23.23% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Great Southern Bancorp by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 811,666 shares of the financial services provider’s stock valued at $37,361,000 after buying an additional 6,007 shares in the last quarter. Vanguard Group Inc. boosted its position in Great Southern Bancorp by 0.6% in the second quarter. Vanguard Group Inc. now owns 539,285 shares of the financial services provider’s stock valued at $32,275,000 after buying an additional 3,377 shares in the last quarter. Renaissance Technologies LLC boosted its position in Great Southern Bancorp by 1.8% in the second quarter. Renaissance Technologies LLC now owns 283,400 shares of the financial services provider’s stock valued at $16,961,000 after buying an additional 5,000 shares in the last quarter. LSV Asset Management boosted its position in Great Southern Bancorp by 2.7% in the first quarter. LSV Asset Management now owns 195,610 shares of the financial services provider’s stock valued at $10,152,000 after buying an additional 5,183 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Great Southern Bancorp by 2.1% in the second quarter. Northern Trust Corp now owns 194,684 shares of the financial services provider’s stock valued at $11,652,000 after buying an additional 3,986 shares in the last quarter. Institutional investors and hedge funds own 45.39% of the company’s stock.

About Great Southern Bancorp

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers 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.

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