Piper Sandler Lowers Great Southern Bancorp (NASDAQ:GSBC) Price Target to $64.00

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

Great Southern Bancorp Stock Up 0.4 %

Shares of Great Southern Bancorp stock opened at $58.66 on Thursday. 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 business has a 50-day moving average price of $61.73 and a 200 day moving average price of $59.68. Great Southern Bancorp has a fifty-two week low of $48.19 and a fifty-two week high of $68.01. The firm has a market cap of $685.15 million, a P/E ratio of 11.15 and a beta of 0.65.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Great Southern Bancorp will post 5.18 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were issued a $0.40 dividend. 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 (DPR) is presently 30.42%.

Insider Activity at Great Southern Bancorp

In other Great Southern Bancorp news, Director William V. Turner sold 6,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $63.06, for a total value of $378,360.00. Following the sale, the director now directly owns 210,112 shares of the company’s stock, valued at $13,249,662.72. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark A. Maples sold 2,074 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $67.19, for a total value of $139,352.06. The disclosure for this sale can be found here. Insiders sold a total of 19,174 shares of company stock valued at $1,235,009 in the last quarter. Insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Great Southern Bancorp

Several institutional investors have recently bought and sold shares of GSBC. Dimensional Fund Advisors LP raised its position in shares of Great Southern Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 728,045 shares of the financial services provider’s stock worth $40,485,000 after buying an additional 1,964 shares in the last quarter. Geode Capital Management LLC raised its position in Great Southern Bancorp by 0.9% in the third quarter. Geode Capital Management LLC now owns 203,810 shares of the financial services provider’s stock worth $11,683,000 after acquiring an additional 1,891 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $4,072,000 after acquiring an additional 280 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Great Southern Bancorp by 1.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 62,160 shares of the financial services provider’s stock valued at $3,562,000 after acquiring an additional 600 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Great Southern Bancorp by 30.8% during the 3rd quarter. FMR LLC now owns 58,613 shares of the financial services provider’s stock valued at $3,359,000 after purchasing an additional 13,799 shares in 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.