Great Southern Bancorp (NASDAQ:GSBC) Sets New 12-Month Low - Here's What Happened

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $47.57 and last traded at $50.22, with a volume of 851 shares trading hands. The stock had previously closed at $51.39.

Analyst Ratings Changes

Separately, Piper Sandler decreased their price target on Great Southern Bancorp from $67.00 to $64.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd.

Great Southern Bancorp Price Performance

The stock has a market capitalization of $626.13 million, a PE ratio of 10.31 and a beta of 0.50. The firm's fifty day moving average price is $57.37 and its two-hundred day moving average price is $59.22. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.05). Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. On average, equities analysts predict that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current year.

Great Southern Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 2.96%. Great Southern Bancorp's payout ratio is 30.42%.

Insider Activity

In other Great Southern Bancorp news, VP Kevin L. Baker sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $60.02, for a total transaction of $300,100.00. Following the completion of the sale, the vice president now directly owns 14 shares of the company's stock, valued at approximately $840.28. This represents a 99.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.60% of the company's stock.

Institutional Investors Weigh In On Great Southern Bancorp

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Great Southern Bancorp by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 200 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Great Southern Bancorp by 11.3% during the 3rd 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 in the last quarter. Versant Capital Management Inc grew its stake in shares of Great Southern Bancorp by 81.6% during the 1st quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 217 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Great Southern Bancorp by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,048 shares of the financial services provider's stock worth $4,072,000 after acquiring an additional 280 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Great Southern Bancorp by 1.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,455 shares of the financial services provider's stock worth $1,102,000 after acquiring an additional 349 shares during the period. Institutional investors own 41.66% of the company's stock.

About Great Southern Bancorp

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.