The Manufacturers Life Insurance Company Has $7.38 Million Position in Great Southern Bancorp, Inc. (NASDAQ:GSBC)

The Manufacturers Life Insurance Company cut its stake in Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 132,742 shares of the financial services provider’s stock after selling 883 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Great Southern Bancorp were worth $7,382,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Great Southern Bancorp by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 564,032 shares of the financial services provider’s stock worth $30,920,000 after acquiring an additional 58,041 shares in the last quarter. American Century Companies Inc. lifted its stake in Great Southern Bancorp by 15.6% during the second quarter. American Century Companies Inc. now owns 173,711 shares of the financial services provider’s stock worth $9,660,000 after purchasing an additional 23,401 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Great Southern Bancorp by 11.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 150,742 shares of the financial services provider’s stock valued at $8,264,000 after purchasing an additional 15,941 shares in the last quarter. Comerica Bank bought a new position in shares of Great Southern Bancorp in the 1st quarter valued at $173,000. Finally, SG Americas Securities LLC acquired a new position in shares of Great Southern Bancorp during the 2nd quarter worth $159,000. 41.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Great Southern Bancorp

In other news, Director Earl A. Steinert, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $63.21, for a total transaction of $316,050.00. Following the sale, the director now directly owns 939,596 shares in the company, valued at approximately $59,391,863.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Earl A. Steinert, Jr. sold 5,000 shares of Great Southern Bancorp stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total transaction of $316,050.00. Following the transaction, the director now owns 939,596 shares in the company, valued at approximately $59,391,863.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William V. Turner sold 4,420 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $56.14, for a total transaction of $248,138.80. Following the completion of the sale, the director now directly owns 210,112 shares in the company, valued at approximately $11,795,687.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,670 shares of company stock worth $958,706. 27.60% of the stock is currently owned by insiders.

Great Southern Bancorp Trading Up 1.8 %

Shares of Great Southern Bancorp stock opened at $55.25 on Friday. The firm’s 50 day moving average is $57.57 and its 200 day moving average is $55.12. The firm has a market capitalization of $644.10 million, a PE ratio of 10.85 and a beta of 0.62. Great Southern Bancorp, Inc. has a 1 year low of $46.60 and a 1 year high of $65.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

Great Southern Bancorp (NASDAQ:GSBC) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.25. Great Southern Bancorp had a net margin of 17.42% and a return on equity of 10.62%. The firm had revenue of $90.76 million for the quarter, compared to analysts’ expectations of $53.75 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Equities research analysts forecast that Great Southern Bancorp, Inc. will post 5.09 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.90%. Great Southern Bancorp’s payout ratio is presently 31.43%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price objective on Great Southern Bancorp from $53.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th.

Great Southern Bancorp Profile

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts.