Great Southern Bancorp (NASDAQ:GSBC) Given New $62.00 Price Target at Piper Sandler

Great Southern Bancorp (NASDAQ:GSBC) had its target price trimmed by Piper Sandler from $64.00 to $62.00 in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Great Southern Bancorp Trading Up 0.6 %

GSBC opened at $58.40 on Friday. The stock has a market cap of $680.83 million, a price-to-earnings ratio of 11.47 and a beta of 0.62. The stock’s 50 day moving average price is $57.24 and its 200-day moving average price is $55.38. Great Southern Bancorp has a one year low of $46.60 and a one year high of $65.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92.

Great Southern Bancorp (NASDAQ:GSBC) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.15. The firm had revenue of $90.79 million for the quarter, compared to analysts’ expectations of $54.75 million. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. During the same quarter in the prior year, the firm posted $1.33 earnings per share. On average, equities analysts forecast that Great Southern Bancorp will post 5.09 EPS for the current year.

Great Southern Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. Great Southern Bancorp’s dividend payout ratio is currently 31.43%.

Insiders Place Their Bets

In other news, Director William V. Turner sold 4,420 shares of the company’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 transaction, the director now directly owns 210,112 shares of the company’s stock, valued at approximately $11,795,687.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director William V. Turner sold 6,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $63.19, for a total value of $379,140.00. Following the transaction, the director now directly owns 214,532 shares of the company’s stock, valued at $13,556,277.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William V. Turner sold 4,420 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $56.14, for a total value of $248,138.80. Following the completion of the transaction, the director now directly owns 210,112 shares in the company, valued at approximately $11,795,687.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,670 shares of company stock worth $958,706 over the last 90 days. Company insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Great Southern Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake 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. Comerica Bank purchased a new position in Great Southern Bancorp in the 1st quarter valued at about $173,000. American Century Companies Inc. lifted its stake in Great Southern Bancorp by 15.6% in the 2nd 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 in the last quarter. SG Americas Securities LLC purchased a new position in Great Southern Bancorp in the 2nd quarter worth approximately $159,000. Finally, Thrivent Financial for Lutherans lifted its stake in Great Southern Bancorp by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 33,718 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 335 shares in the last quarter. 41.66% of the stock is owned by institutional investors and hedge funds.

About Great Southern Bancorp

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.