Great Southern Bancorp (NASDAQ:GSBC) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Great Southern Bancorp, Inc. (NASDAQ:GSBC)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.48 and traded as high as $80.65. Great Southern Bancorp shares last traded at $80.23, with a volume of 133,447 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zacks Research cut shares of Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods increased 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 report on Friday, July 17th. Wall Street Zen cut shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Great Southern Bancorp from a “buy (b+)” rating to a “buy (b-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Great Southern Bancorp has a consensus rating of “Hold” and a consensus price target of $74.00.

Great Southern Bancorp Trading Up 0.2%

The stock has a market capitalization of $877.45 million, a P/E ratio of 13.37 and a beta of 0.49. The business has a 50 day simple moving average of $77.60 and a 200-day simple moving average of $69.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.19. Great Southern Bancorp had a return on equity of 10.86% and a net margin of 20.72%.The company had revenue of $56.87 million for the quarter, compared to the consensus estimate of $55.26 million. On average, analysts predict that Great Southern Bancorp, Inc. will post 5.99 EPS for the current year.

Great Southern Bancorp Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 2.1%. Great Southern Bancorp’s dividend payout ratio (DPR) is 28.57%.

Institutional Trading of Great Southern Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in GSBC. AQR Capital Management LLC grew its position in Great Southern Bancorp by 8.3% in the first quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider’s stock worth $801,000 after buying an additional 1,114 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Great Southern Bancorp by 4.8% during the 1st 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 during the last quarter. Empowered Funds LLC boosted its stake in shares of Great Southern Bancorp by 68.5% during the 1st quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider’s stock worth $755,000 after acquiring an additional 5,546 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Great Southern Bancorp during the 1st quarter worth $1,146,000. Finally, Rhumbline Advisers grew its holdings in shares of Great Southern Bancorp by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 253 shares during the last quarter. 41.66% of the stock is currently owned by 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.