Piper Sandler Has Lowered Expectations for Great Southern Bancorp (NASDAQ:GSBC) Stock Price

Great Southern Bancorp (NASDAQ:GSBC) had its target price decreased by investment analysts at Piper Sandler from $67.00 to $64.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective points to a potential upside of 9.10% from the stock’s current price.

Great Southern Bancorp Price Performance

Shares of NASDAQ GSBC opened at $58.66 on Thursday. The business has a fifty day moving average price of $61.73 and a two-hundred day moving average price of $59.64. The stock has a market capitalization of $684.86 million, a PE ratio of 11.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93. Great Southern Bancorp has a fifty-two week low of $48.19 and a fifty-two week high of $68.01.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.05). Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.40%. As a group, equities analysts predict that Great Southern Bancorp will post 5.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Great Southern Bancorp

In related news, CEO Joseph W. Turner sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $66.63, for a total transaction of $399,780.00. Following the completion of the transaction, the chief executive officer now directly owns 137,382 shares in the company, valued at $9,153,762.66. This represents a 4.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark A. Maples sold 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $63.42, for a total transaction of $164,892.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,174 shares of company stock valued at $1,235,009. 27.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Great Southern Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of GSBC. EMC Capital Management boosted its stake in shares of Great Southern Bancorp by 188.9% during the fourth quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 2,932 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Great Southern Bancorp by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,235 shares of the financial services provider’s stock worth $611,000 after buying an additional 391 shares during the period. SG Americas Securities LLC grew its holdings in Great Southern Bancorp by 11.4% during the 4th quarter. SG Americas Securities LLC now owns 4,745 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 487 shares during the last quarter. JPMorgan Chase & Co. increased its position in Great Southern Bancorp by 98.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,779 shares of the financial services provider’s stock valued at $1,076,000 after acquiring an additional 9,325 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Great Southern Bancorp during the third quarter valued at $221,000. Institutional investors and hedge funds own 41.66% of the company’s stock.

Great Southern Bancorp Company 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.