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Piper Sandler Issues Pessimistic Forecast for Great Southern Bancorp (NASDAQ:GSBC) Stock Price

Great Southern Bancorp logo with Finance background

Great Southern Bancorp (NASDAQ:GSBC - Free Report) had its price objective lowered by Piper Sandler from $67.00 to $64.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider's stock.

Great Southern Bancorp Price Performance

Shares of NASDAQ:GSBC traded up $0.26 during trading on Thursday, reaching $58.66. The stock had a trading volume of 43,013 shares, compared to its average volume of 34,161. The business has a fifty day moving average price of $61.73 and a 200-day moving average price of $59.64. Great Southern Bancorp has a 1-year low of $48.19 and a 1-year high of $68.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $684.86 million, a PE ratio of 11.15 and a beta of 0.65.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.05). Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.40%. On average, equities analysts forecast that Great Southern Bancorp will post 5.18 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Monday, December 30th. Great Southern Bancorp's dividend payout ratio is currently 30.42%.

Insider Activity at Great Southern Bancorp

In related news, Director William V. Turner sold 6,000 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $63.06, for a total transaction of $378,360.00. Following the completion of the sale, the director now directly owns 210,112 shares in the company, valued at approximately $13,249,662.72. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark A. Maples sold 2,074 shares of Great Southern Bancorp stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $67.19, for a total transaction of $139,352.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,174 shares of company stock valued at $1,235,009. 27.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GSBC. BNP Paribas Financial Markets raised its position in 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 purchasing an additional 215 shares during the period. Virtu Financial LLC acquired a new stake in shares of Great Southern Bancorp during the 3rd quarter worth about $221,000. SG Americas Securities LLC raised its holdings in Great Southern Bancorp by 48.9% in the 3rd quarter. SG Americas Securities LLC now owns 4,258 shares of the financial services provider's stock valued at $244,000 after buying an additional 1,398 shares during the period. EMC Capital Management lifted its position in Great Southern Bancorp by 188.9% in the fourth quarter. EMC Capital Management now owns 4,484 shares of the financial services provider's stock valued at $268,000 after buying an additional 2,932 shares during the last quarter. Finally, PDT Partners LLC lifted its position in Great Southern Bancorp by 33.1% in the third quarter. PDT Partners LLC now owns 8,485 shares of the financial services provider's stock valued at $486,000 after buying an additional 2,108 shares during the last quarter. 41.66% of the stock is currently owned by institutional investors and hedge funds.

Great Southern Bancorp Company Profile

(Get Free Report)

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.

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