Great Southern Bancorp (NASDAQ:GSBC) Sets New 1-Year Low – Here’s Why

Great Southern Bancorp, Inc. (NASDAQ:GSBC)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $47.57 and last traded at $50.22, with a volume of 851 shares trading hands. The stock had previously closed at $51.39.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price target on shares of Great Southern Bancorp from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd.

Great Southern Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $599.27 million, a P/E ratio of 9.82 and a beta of 0.62. The company has a 50 day simple moving average of $57.90 and a 200-day simple moving average of $59.42.

Great Southern Bancorp (NASDAQ:GSBC) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share (EPS) 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%. On average, equities analysts expect that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current fiscal year.

Great Southern Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, March 31st. Great Southern Bancorp’s payout ratio is presently 30.42%.

Insiders Place Their Bets

In other news, VP Kevin L. Baker sold 5,000 shares of Great Southern Bancorp stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $60.02, for a total value of $300,100.00. Following the transaction, the vice president now owns 14 shares in the company, valued at approximately $840.28. The trade was a 99.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Great Southern Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of GSBC. Dimensional Fund Advisors LP lifted its position in Great Southern Bancorp by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 731,380 shares of the financial services provider’s stock valued at $43,664,000 after purchasing an additional 3,019 shares during the last quarter. American Century Companies Inc. raised its holdings in Great Southern Bancorp by 8.1% during the 4th quarter. American Century Companies Inc. now owns 208,213 shares of the financial services provider’s stock valued at $12,430,000 after buying an additional 15,557 shares during the last quarter. Geode Capital Management LLC boosted its position in Great Southern Bancorp by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 203,810 shares of the financial services provider’s stock valued at $11,683,000 after buying an additional 1,891 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Great Southern Bancorp by 10.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 151,966 shares of the financial services provider’s stock worth $9,072,000 after acquiring an additional 14,425 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Great Southern Bancorp by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,411 shares of the financial services provider’s stock valued at $4,263,000 after acquiring an additional 363 shares during the period. 41.66% of the stock is currently owned by institutional investors.

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.