Keefe, Bruyette & Woods Increases Great Southern Bancorp (NASDAQ:GSBC) Price Target to $65.00

Great Southern Bancorp (NASDAQ:GSBC) had its price target upped by investment analysts at Keefe, Bruyette & Woods from $63.00 to $65.00 in a research 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 indicate a potential downside of 4.82% from the company’s previous close.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.50.

Great Southern Bancorp Stock Up 2.1%

GSBC opened at $68.29 on Friday. The business has a 50 day moving average price of $63.55 and a 200 day moving average price of $61.80. Great Southern Bancorp has a twelve month low of $50.95 and a twelve month high of $70.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $748.46 million, a P/E ratio of 10.82 and a beta of 0.46.

Great Southern Bancorp (NASDAQ:GSBC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.31. Great Southern Bancorp had a return on equity of 11.31% and a net margin of 21.33%.The firm had revenue of $55.36 million during the quarter, compared to analyst estimates of $54.75 million. Research analysts forecast that Great Southern Bancorp will post 5.24 EPS for the current year.

Insider Activity at Great Southern Bancorp

In related news, Director Thomas J. Carlson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $59.89, for a total value of $119,780.00. Following the transaction, the director directly owned 100 shares in the company, valued at approximately $5,989. This trade represents a 95.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph W. Turner sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $60.74, for a total value of $364,440.00. Following the transaction, the chief executive officer owned 137,382 shares of the company’s stock, valued at approximately $8,344,582.68. This trade represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,680 shares of company stock worth $885,376. 29.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Comerica Bank lifted its holdings in shares of Great Southern Bancorp by 5.0% during the fourth quarter. Comerica Bank now owns 4,149 shares of the financial services provider’s stock worth $255,000 after buying an additional 198 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Great Southern Bancorp by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock worth $284,000 after buying an additional 234 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Great Southern Bancorp by 1.8% during the third quarter. Wedge Capital Management L L P NC now owns 13,444 shares of the financial services provider’s stock worth $823,000 after buying an additional 236 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Great Southern Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock worth $798,000 after buying an additional 253 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Great Southern Bancorp by 2.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,857 shares of the financial services provider’s stock worth $665,000 after buying an additional 276 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 (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank’s core business activities include deposit-taking, lending and treasury management.