Great Southern Bancorp (NASDAQ:GSBC) Price Target Cut to $58.00 by Analysts at Piper Sandler

Great Southern Bancorp (NASDAQ:GSBC - Free Report) had its price objective lowered by Piper Sandler from $62.00 to $58.00 in a research note published on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider's stock.

Great Southern Bancorp Stock Down 1.1 %

GSBC stock traded down $0.63 during mid-day trading on Monday, hitting $54.79. The stock had a trading volume of 67,963 shares, compared to its average volume of 29,673. Great Southern Bancorp has a 1-year low of $47.57 and a 1-year high of $68.02. The company has a fifty day moving average of $55.63 and a 200 day moving average of $58.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $635.45 million, a price-to-earnings ratio of 10.42 and a beta of 0.50.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.21. The firm had revenue of $55.92 million for the quarter, compared to analyst estimates of $55.53 million. Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. On average, equities analysts expect that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Monday, March 31st. Great Southern Bancorp's dividend payout ratio is presently 28.57%.

Insider Buying and Selling at Great Southern Bancorp

In other news, VP Kevin L. Baker sold 5,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $60.02, for a total transaction of $300,100.00. Following the transaction, the vice president now owns 14 shares of the company's stock, valued at approximately $840.28. This represents a 99.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 27.93% of the company's stock.

Hedge Funds Weigh In On Great Southern Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GSBC. Dimensional Fund Advisors LP boosted its holdings in shares of Great Southern Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 731,380 shares of the financial services provider's stock worth $43,664,000 after buying an additional 3,019 shares during the period. American Century Companies Inc. boosted its holdings in Great Southern Bancorp by 8.1% during the fourth quarter. American Century Companies Inc. now owns 208,213 shares of the financial services provider's stock valued at $12,430,000 after acquiring an additional 15,557 shares during the period. Geode Capital Management LLC boosted its holdings in Great Southern Bancorp by 0.9% during the third quarter. Geode Capital Management LLC now owns 203,810 shares of the financial services provider's stock valued at $11,683,000 after acquiring an additional 1,891 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Great Southern Bancorp by 9.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,293 shares of the financial services provider's stock worth $9,208,000 after purchasing an additional 14,327 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Great Southern Bancorp by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 71,411 shares of the financial services provider's stock worth $4,263,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds 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.