Great Southern Bancorp (NASDAQ:GSBC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a sell rating in a research note issued to investors on Sunday,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings raised shares of Great Southern Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods upped their target price on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $74.00.

Great Southern Bancorp Trading Down 0.0%

Great Southern Bancorp stock opened at $81.47 on Friday. The stock has a 50 day moving average of $78.81 and a 200-day moving average of $71.82. Great Southern Bancorp has a 52 week low of $53.76 and a 52 week high of $82.91.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The company had revenue of $57.74 million during the quarter, compared to the consensus estimate of $56.08 million. On average, analysts forecast that Great Southern Bancorp will post 6.23 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were given a $0.43 dividend. The ex-dividend date was Monday, September 28th. This represents a $1.72 annualized dividend and a dividend yield of 2.1%.

Insider Buying and Selling at Great Southern Bancorp

In related news, Director Julie Brown sold 851 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 7,052 shares of the company’s stock, valued at approximately $571,212. This represents a 10.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 29.75% of the company’s stock.

Hedge Funds Weigh In On Great Southern Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Great Southern Bancorp by 24.8% during the first 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 last quarter. Lazard Asset Management LLC lifted its position in shares of Great Southern Bancorp by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 16,231 shares of the financial services provider’s stock worth $1,025,000 after buying an additional 308 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Great Southern Bancorp by 217.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 480 shares of the financial services provider’s stock worth $37,000 after buying an additional 329 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Great Southern Bancorp by 7.6% in the 1st quarter. Inspire Investing LLC now owns 8,136 shares of the financial services provider’s stock worth $514,000 after buying an additional 572 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Great Southern Bancorp in the 2nd quarter valued at about $71,000. Institutional investors and hedge funds own 41.66% of the company’s stock.

About Great Southern Bancorp

Great Southern Bancorp, Inc is the bank holding company for Great Southern Bank, a full-service financial institution headquartered in Springfield, Missouri. The company provides banking and financial services to individuals, families, businesses and institutions through a network of banking centers and other delivery channels.

Great Southern Bank offers deposit products, residential and commercial real estate lending, construction and development financing, commercial business loans, consumer loans and mortgage services.