Zacks Investment Research Upgrades Great Southern Bancorp (NASDAQ:GSBC) to “Buy”

Great Southern Bancorp (NASDAQ:GSBCGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $66.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.53% from the company’s previous close.

According to Zacks, “Great Southern Bancorp, Inc. is a financial holding company which owned directly all of the stock of Great Southern Bank and other non-banking subsidiaries. “

GSBC has been the topic of several other research reports. StockNews.com assumed coverage on shares of Great Southern Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Great Southern Bancorp from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research note on Friday, January 7th.

Great Southern Bancorp stock traded down $1.60 during trading hours on Tuesday, hitting $57.13. The company had a trading volume of 43,300 shares, compared to its average volume of 43,576. The firm has a market capitalization of $736.41 million, a P/E ratio of 10.60 and a beta of 0.85. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.01 and a quick ratio of 1.00. The firm’s fifty day moving average is $59.87 and its 200-day moving average is $58.93. Great Southern Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $62.70.

Great Southern Bancorp (NASDAQ:GSBCGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.10. Great Southern Bancorp had a net margin of 31.29% and a return on equity of 11.66%. During the same period last year, the firm posted $1.36 EPS. Analysts anticipate that Great Southern Bancorp will post 4.96 earnings per share for the current year.

In related news, Director Earl A. Steinert, Jr. sold 1,000 shares of the company’s stock in a transaction on Thursday, January 27th. The shares were sold at an average price of $58.94, for a total transaction of $58,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark A. Maples sold 613 shares of the company’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $61.23, for a total transaction of $37,533.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,363 shares of company stock worth $383,326. 25.82% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GSBC. Deutsche Bank AG boosted its holdings in Great Southern Bancorp by 5.4% in the 4th quarter. Deutsche Bank AG now owns 6,437 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 331 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Great Southern Bancorp by 4.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,006 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 364 shares during the period. Royal Bank of Canada boosted its holdings in Great Southern Bancorp by 72.1% in the 3rd quarter. Royal Bank of Canada now owns 1,248 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 523 shares during the period. LSV Asset Management boosted its holdings in Great Southern Bancorp by 0.5% in the 3rd quarter. LSV Asset Management now owns 117,052 shares of the financial services provider’s stock valued at $6,415,000 after purchasing an additional 600 shares during the period. Finally, Summit Global Investments boosted its holdings in Great Southern Bancorp by 26.8% in the 4th quarter. Summit Global Investments now owns 5,200 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 1,100 shares during the period. 46.80% of the stock is owned by institutional investors and hedge funds.

Great Southern Bancorp Company Profile (Get Rating)

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers 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.

Further Reading

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