Great Southern Bancorp (NASDAQ:GSBC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says
by Doug Wharley · The Cerbat GemGreat Southern Bancorp (NASDAQ:GSBC – Get Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $63.00 to $65.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 2.83% from the stock’s current price.
Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.50.
Check Out Our Latest Report on Great Southern Bancorp
Great Southern Bancorp Trading Down 1.0%
GSBC opened at $66.89 on Friday. The stock has a market capitalization of $733.11 million, a PE ratio of 10.60 and a beta of 0.46. The firm’s fifty day moving average price is $63.47 and its 200 day moving average price is $61.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. Great Southern Bancorp has a 12-month low of $50.95 and a 12-month high of $69.38.
Great Southern Bancorp (NASDAQ:GSBC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.31. The firm had revenue of $55.36 million for the quarter, compared to analysts’ expectations of $54.75 million. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.31%. As a group, research analysts expect that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.
Insider Activity
In other news, CEO Joseph W. Turner sold 6,000 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $60.74, for a total transaction of $364,440.00. Following the completion of the transaction, the chief executive officer owned 137,382 shares in the company, valued at approximately $8,344,582.68. This trade represents a 4.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William V. Turner sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $59.70, for a total transaction of $358,200.00. Following the transaction, the director owned 199,112 shares of the company’s stock, valued at approximately $11,886,986.40. This trade represents a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,680 shares of company stock worth $885,376. Corporate insiders own 29.75% of the company’s stock.
Hedge Funds Weigh In On Great Southern Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Great Southern Bancorp by 8.3% during the 1st quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 1,114 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Great Southern Bancorp by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 234 shares in the last quarter. Empowered Funds LLC raised its position in Great Southern Bancorp by 68.5% during the first quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider’s stock valued at $755,000 after acquiring an additional 5,546 shares in the last quarter. Jane Street Group LLC bought a new position in Great Southern Bancorp during the first quarter valued at approximately $1,146,000. Finally, Rhumbline Advisers raised its position in Great Southern Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock valued at $798,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.
Great Southern Bank’s core business activities include deposit-taking, lending and treasury management.