Great Southern Bancorp (NASDAQ:GSBC) Sees Unusually-High Trading Volume Following Strong Earnings

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) saw unusually-strong trading volume on Thursday following a better than expected earnings announcement. Approximately 160,087 shares changed hands during mid-day trading, an increase of 336% from the previous session’s volume of 36,747 shares.The stock last traded at $62.55 and had previously closed at $59.18.

The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.37 by $0.35. The company had revenue of $59.18 million during the quarter, compared to the consensus estimate of $55.61 million. Great Southern Bancorp had a net margin of 19.18% and a return on equity of 11.24%.

Great Southern Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.57%. The ex-dividend date was Monday, June 30th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 27.26%.

Analysts Set New Price Targets

Several research analysts recently weighed in on GSBC shares. Keefe, Bruyette & Woods cut their price target on shares of Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Piper Sandler cut their price target on shares of Great Southern Bancorp from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Finally, Wall Street Zen upgraded shares of Great Southern Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in Great Southern Bancorp by 81.6% in the first quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 217 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Great Southern Bancorp by 146.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 597 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 355 shares during the last quarter. ExodusPoint Capital Management LP purchased a new position in Great Southern Bancorp in the fourth quarter valued at about $256,000. Squarepoint Ops LLC boosted its stake in Great Southern Bancorp by 9.8% in the fourth quarter. Squarepoint Ops LLC now owns 4,620 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 411 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in Great Southern Bancorp by 24.6% in the first quarter. Rafferty Asset Management LLC now owns 4,987 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 984 shares during the last quarter. 41.66% of the stock is currently owned by hedge funds and other institutional investors.

Great Southern Bancorp Trading Up 5.1%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $713.09 million, a PE ratio of 10.59 and a beta of 0.53. The stock’s 50 day simple moving average is $58.23 and its two-hundred day simple moving average is $57.47.

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.