Commerce Bank Acquires Shares of 8,343 Great Southern Bancorp, Inc. $GSBC

Commerce Bank bought a new position in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,343 shares of the financial services provider’s stock, valued at approximately $654,000. Commerce Bank owned approximately 0.08% of Great Southern Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Russell Investments Group Ltd. increased its position 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 acquiring an additional 716 shares during the last quarter. Quantbot Technologies LP purchased a new position in Great Southern Bancorp in the second quarter worth $71,000. Sarver Vrooman Wealth Advisors purchased a new position in Great Southern Bancorp in the fourth quarter worth $77,000. Royal Bank of Canada grew its stake in Great Southern Bancorp by 24.8% in the 1st quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 260 shares during the period. Finally, Quadrant Capital Group LLC bought a new position in Great Southern Bancorp in the 3rd quarter valued at $128,000. Hedge funds and other institutional investors own 41.66% of the company’s stock.

Wall Street Analysts Forecast Growth

GSBC has been the subject of several research analyst reports. Wall Street Zen lowered Great Southern Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Great Southern Bancorp from a “buy (b+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods increased their price target on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Finally, Zacks Research lowered shares of Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Insider Activity at Great Southern Bancorp

In other news, Director Julie A. Brown sold 851 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $81.00, for a total transaction of $68,931.00. Following the completion of the transaction, the director owned 7,052 shares in the company, valued at approximately $571,212. This represents a 10.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.75% of the stock is owned by corporate insiders.

Great Southern Bancorp Stock Performance

NASDAQ:GSBC opened at $78.67 on Thursday. Great Southern Bancorp, Inc. has a 12 month low of $53.76 and a 12 month high of $82.91. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $78.84 and its 200 day moving average is $70.94. The stock has a market capitalization of $857.50 million, a PE ratio of 13.07 and a beta of 0.49.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.19. Great Southern Bancorp had a return on equity of 10.83% and a net margin of 20.72%.The business had revenue of $56.87 million during the quarter, compared to analyst estimates of $55.26 million. Sell-side analysts expect that Great Southern Bancorp, Inc. will post 5.99 earnings per share for the current year.

Great Southern Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, June 29th. Great Southern Bancorp’s dividend payout ratio is currently 28.57%.

Great Southern Bancorp 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.