Teacher Retirement System of Texas Trims Stake in Great Southern Bancorp, Inc. (NASDAQ:GSBC)

Teacher Retirement System of Texas reduced its stake in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 51.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,647 shares of the financial services provider’s stock after selling 5,926 shares during the quarter. Teacher Retirement System of Texas’ holdings in Great Southern Bancorp were worth $313,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Great Southern Bancorp by 81.6% during 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 in the last quarter. Tower Research Capital LLC TRC raised its position in Great Southern Bancorp by 146.7% during 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 in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Great Southern Bancorp in the fourth quarter valued at approximately $256,000. Squarepoint Ops LLC increased its position in shares of 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 buying an additional 411 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Great Southern Bancorp by 20.3% in the fourth quarter. Virtu Financial LLC now owns 4,637 shares of the financial services provider’s stock valued at $277,000 after buying an additional 782 shares in the last quarter. 41.66% of the stock is currently owned by hedge funds and other institutional investors.

Great Southern Bancorp Stock Down 2.7%

Great Southern Bancorp stock opened at $60.51 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Great Southern Bancorp, Inc. has a 12 month low of $47.57 and a 12 month high of $68.02. The stock has a market capitalization of $694.05 million, a PE ratio of 10.31 and a beta of 0.53. The business has a 50 day simple moving average of $58.30 and a 200-day simple moving average of $57.47.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.37 by $0.35. Great Southern Bancorp had a return on equity of 11.24% and a net margin of 19.18%. The firm had revenue of $59.18 million during the quarter, compared to analysts’ expectations of $55.61 million. On average, analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.

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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Monday, June 30th. Great Southern Bancorp’s payout ratio is 27.26%.

Analyst Ratings Changes

A number of research firms have recently commented on GSBC. Piper Sandler cut their price objective on Great Southern Bancorp from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded Great Southern Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on Great Southern Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday.

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.