Great Southern Bancorp, Inc. (NASDAQ:GSBC) Sees Significant Decline in Short Interest

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 123,700 shares, a drop of 7.5% from the October 15th total of 133,700 shares. Currently, 1.4% of the company's stock are sold short. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is currently 5.2 days.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their price objective 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 Performance

GSBC stock traded down $0.81 during midday trading on Monday, reaching $62.49. The company had a trading volume of 9,305 shares, compared to its average volume of 27,170. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $58.27 and a 200 day moving average price of $56.58. The firm has a market capitalization of $729.88 million, a PE ratio of 12.41 and a beta of 0.62. Great Southern Bancorp has a fifty-two week low of $48.19 and a fifty-two week high of $68.01.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last announced its quarterly 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 company had revenue of $90.79 million during the quarter, compared to the consensus estimate of $54.75 million. Great Southern Bancorp had a net margin of 17.21% and a return on equity of 10.36%. During the same quarter in the previous year, the company posted $1.33 earnings per share. Analysts anticipate that Great Southern Bancorp will post 5.3 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Monday, September 30th. Great Southern Bancorp's dividend payout ratio is currently 31.37%.

Insider Buying and Selling at Great Southern Bancorp

In other Great Southern Bancorp news, VP Mark A. Maples sold 2,074 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $67.19, for a total value of $139,352.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph W. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total transaction of $399,780.00. Following the completion of the sale, the chief executive officer now owns 137,382 shares of the company's stock, valued at approximately $9,153,762.66. This trade represents a 4.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,074 shares of company stock valued at $917,492 over the last 90 days. 27.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GSBC. Gradient Investments LLC bought a new position in shares of Great Southern Bancorp in the second quarter valued at approximately $40,000. EntryPoint Capital LLC increased its position in shares of Great Southern Bancorp by 130.5% during the 1st quarter. EntryPoint Capital LLC now owns 959 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 543 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Great Southern Bancorp by 11.3% in the third quarter. BNP Paribas Financial Markets now owns 2,115 shares of the financial services provider's stock valued at $121,000 after buying an additional 215 shares during the period. SG Americas Securities LLC bought a new position in Great Southern Bancorp during the second quarter valued at about $159,000. Finally, Comerica Bank bought a new stake in Great Southern Bancorp in the first quarter worth about $173,000. Institutional investors 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.