Keefe, Bruyette & Woods Issues Pessimistic Forecast for Great Southern Bancorp (NASDAQ:GSBC) Stock Price

Great Southern Bancorp (NASDAQ:GSBC) had its price objective reduced by analysts at Keefe, Bruyette & Woods from $63.00 to $61.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 8.77% from the company’s current price.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Great Southern Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Great Southern Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Great Southern Bancorp currently has a consensus rating of “Hold” and a consensus price target of $59.50.

Great Southern Bancorp Price Performance

Shares of GSBC opened at $56.08 on Friday. Great Southern Bancorp has a twelve month low of $47.57 and a twelve month high of $68.01. The stock’s 50 day moving average is $61.62 and its two-hundred day moving average is $58.53. The firm has a market capitalization of $635.39 million, a PE ratio of 9.32 and a beta of 0.55. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.01. Great Southern Bancorp had a return on equity of 11.38% and a net margin of 19.80%.The company had revenue of $57.84 million for the quarter, compared to analyst estimates of $56.72 million. Research analysts anticipate that Great Southern Bancorp will post 5.24 earnings per share for the current year.

Institutional Trading of Great Southern Bancorp

Several large investors have recently modified their holdings of the business. Wedge Capital Management L L P NC grew its position in shares of Great Southern Bancorp by 1.6% in the second quarter. Wedge Capital Management L L P NC now owns 13,208 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 209 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Great Southern Bancorp by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 234 shares during the last quarter. Rhumbline Advisers grew its position in shares of Great Southern Bancorp by 1.9% in the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 253 shares during the last quarter. Bank of America Corp DE grew its position in shares of Great Southern Bancorp by 2.5% in the second quarter. Bank of America Corp DE now owns 13,234 shares of the financial services provider’s stock valued at $778,000 after purchasing an additional 322 shares during the last quarter. Finally, Legato Capital Management LLC grew its position in shares of Great Southern Bancorp by 2.4% in the first quarter. Legato Capital Management LLC now owns 18,191 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 432 shares during the last quarter. 41.66% of the stock is currently owned by institutional investors and hedge funds.

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.