Great Southern Bancorp, Inc. (GSBC) Rating Lowered to Hold at Sandler O’Neill

Great Southern Bancorp, Inc. (NASDAQ:GSBC) was downgraded by Sandler O’Neill from a “buy” rating to a “hold” rating in a report issued on Friday, October 6th, MarketBeat.com reports. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $53.00 price target on shares of Great Southern Bancorp in a report on Friday, July 21st. Finally, BidaskClub lowered Great Southern Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

Shares of Great Southern Bancorp (NASDAQ:GSBC) opened at 57.00 on Friday. The company has a 50-day moving average price of $52.77 and a 200 day moving average price of $51.49. Great Southern Bancorp has a 12-month low of $38.35 and a 12-month high of $58.45. The company has a market capitalization of $800.05 million, a P/E ratio of 15.97 and a beta of 1.12.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.37. Great Southern Bancorp had a return on equity of 11.62% and a net margin of 22.84%. The firm had revenue of $53.70 million for the quarter, compared to analysts’ expectations of $49.78 million. On average, equities analysts anticipate that Great Southern Bancorp will post $3.61 earnings per share for the current fiscal year.

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In other news, Director William V. Turner sold 10,800 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $52.76, for a total transaction of $569,808.00. Following the completion of the sale, the director now directly owns 173,853 shares in the company, valued at approximately $9,172,484.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William V. Turner sold 5,000 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $52.73, for a total value of $263,650.00. Following the completion of the sale, the director now owns 173,853 shares of the company’s stock, valued at $9,167,268.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,851 shares of company stock worth $836,004. Corporate insiders own 23.78% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Great Southern Bancorp by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 624,663 shares of the financial services provider’s stock valued at $33,420,000 after acquiring an additional 22,862 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Great Southern Bancorp by 3.8% during the second quarter. Vanguard Group Inc. now owns 544,037 shares of the financial services provider’s stock worth $29,106,000 after purchasing an additional 19,700 shares during the last quarter. Columbia Wanger Asset Management LLC lifted its position in shares of Great Southern Bancorp by 6.7% during the first quarter. Columbia Wanger Asset Management LLC now owns 230,513 shares of the financial services provider’s stock worth $11,641,000 after purchasing an additional 14,512 shares during the last quarter. State Street Corp lifted its position in shares of Great Southern Bancorp by 5.5% during the second quarter. State Street Corp now owns 223,346 shares of the financial services provider’s stock worth $11,949,000 after purchasing an additional 11,691 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Great Southern Bancorp by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 220,124 shares of the financial services provider’s stock worth $11,776,000 after purchasing an additional 3,282 shares during the last quarter. Institutional investors own 40.21% of the company’s stock.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.

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