Great Southern Bancorp (NASDAQ:GSBC) Price Target Cut to $58.00 by Analysts at Piper Sandler

Great Southern Bancorp (NASDAQ:GSBC) had its target price decreased by Piper Sandler from $62.00 to $58.00 in a research note released on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Great Southern Bancorp Trading Down 1.1 %

NASDAQ GSBC opened at $53.38 on Monday. The company has a market cap of $619.10 million, a PE ratio of 10.15 and a beta of 0.50. Great Southern Bancorp has a 12 month low of $47.57 and a 12 month high of $68.02. The stock has a 50 day moving average of $55.89 and a 200-day moving average of $58.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. The company had revenue of $55.92 million during the quarter, compared to the consensus estimate of $55.53 million. On average, equities research analysts anticipate that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 3.00%. Great Southern Bancorp’s dividend payout ratio is currently 28.57%.

Insider Activity at Great Southern Bancorp

In other news, VP Kevin L. Baker sold 5,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $60.02, for a total value of $300,100.00. Following the transaction, the vice president now directly owns 14 shares of the company’s stock, valued at $840.28. This represents a 99.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dean Investment Associates LLC grew its position in shares of Great Southern Bancorp by 85.8% in the fourth quarter. Dean Investment Associates LLC now owns 41,903 shares of the financial services provider’s stock valued at $2,502,000 after purchasing an additional 19,346 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Great Southern Bancorp in the 4th quarter valued at $966,000. JPMorgan Chase & Co. grew its holdings in Great Southern Bancorp by 83.3% in the 4th quarter. JPMorgan Chase & Co. now owns 34,416 shares of the financial services provider’s stock valued at $2,055,000 after buying an additional 15,637 shares in the last quarter. American Century Companies Inc. increased its position 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 worth $12,430,000 after buying an additional 15,557 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Great Southern Bancorp by 10.5% during 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 buying an additional 14,425 shares during the period. 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.