Great Southern Bancorp (NASDAQ:GSBC) Raised to Strong-Buy at Zacks Research
by Scott Moore · The Cerbat GemGreat Southern Bancorp (NASDAQ:GSBC – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
A number of other brokerages also recently issued reports on GSBC. Keefe, Bruyette & Woods boosted their price objective on shares of Great Southern Bancorp from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Great Southern Bancorp in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $65.00.
Get Our Latest Stock Report on GSBC
Great Southern Bancorp Trading Up 0.6%
Shares of GSBC stock traded up $0.38 during trading hours on Monday, reaching $67.03. The company’s stock had a trading volume of 16,434 shares, compared to its average volume of 70,078. The stock has a market capitalization of $734.80 million, a P/E ratio of 10.58 and a beta of 0.46. Great Southern Bancorp has a one year low of $53.60 and a one year high of $70.91. The firm’s fifty day simple moving average is $63.66 and its 200 day simple moving average is $61.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.
Great Southern Bancorp (NASDAQ:GSBC – Get Free Report) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.31. Great Southern Bancorp had a return on equity of 11.31% and a net margin of 21.33%.The company had revenue of $55.36 million during the quarter, compared to the consensus estimate of $54.75 million. Equities research analysts expect that Great Southern Bancorp will post 5.28 EPS for the current year.
Insider Transactions at Great Southern Bancorp
In other news, VP John M. Bugh sold 2,500 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $67.59, for a total transaction of $168,975.00. Following the sale, the vice president owned 1,790 shares in the company, valued at approximately $120,986.10. The trade was a 58.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William V. Turner sold 6,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $59.70, for a total transaction of $358,200.00. Following the completion of the sale, the director directly owned 199,112 shares in the company, valued at $11,886,986.40. This represents a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,180 shares of company stock valued at $1,054,351 in the last three months. Company insiders own 29.75% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Great Southern Bancorp during the third quarter worth about $27,000. Russell Investments Group Ltd. increased its stake in shares of Great Southern Bancorp by 1,301.8% during the third quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 716 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Great Southern Bancorp during the fourth quarter valued at approximately $77,000. Quadrant Capital Group LLC purchased a new position in shares of Great Southern Bancorp during the third quarter valued at approximately $128,000. Finally, CWM LLC boosted its position in shares of Great Southern Bancorp by 224.7% in the 3rd quarter. CWM LLC now owns 2,789 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 1,930 shares in the last quarter. 41.66% of the stock is owned by hedge funds and other institutional investors.
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.