Simmons Bank Lowers Stock Holdings in Great Southern Bancorp, Inc. (NASDAQ:GSBC)

Simmons Bank lowered its stake in Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 5.6% during the fourth quarter, HoldingsChannel reports. The firm owned 152,941 shares of the financial services provider’s stock after selling 9,000 shares during the quarter. Simmons Bank’s holdings in Great Southern Bancorp were worth $9,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Creative Planning increased its stake in Great Southern Bancorp by 33.4% in the 3rd quarter. Creative Planning now owns 20,288 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 5,079 shares during the period. US Bancorp DE boosted its holdings in shares of Great Southern Bancorp by 2.3% in the third quarter. US Bancorp DE now owns 11,543 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 257 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Great Southern Bancorp by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 34,994 shares of the financial services provider’s stock worth $2,006,000 after acquiring an additional 1,276 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Great Southern Bancorp by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,048 shares of the financial services provider’s stock worth $4,072,000 after purchasing an additional 280 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in Great Southern Bancorp by 219.1% in the third quarter. Independent Advisor Alliance now owns 24,862 shares of the financial services provider’s stock valued at $1,425,000 after purchasing an additional 17,070 shares during the period. Hedge funds and other institutional investors own 41.66% of the company’s stock.

Insider Buying and Selling

In related news, VP Kevin L. Baker sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $60.02, for a total transaction of $300,100.00. Following the sale, the vice president now owns 14 shares in the company, valued at approximately $840.28. This trade represents a 99.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their target price on Great Southern Bancorp from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd.

Great Southern Bancorp Stock Performance

Shares of GSBC opened at $58.36 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. Great Southern Bancorp, Inc. has a 52-week low of $49.72 and a 52-week high of $68.01. The company has a 50-day simple moving average of $59.64 and a 200-day simple moving average of $59.58. The company has a market capitalization of $681.35 million, a PE ratio of 11.10 and a beta of 0.65.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.05). Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.40%. Equities research analysts predict that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Monday, December 30th. Great Southern Bancorp’s payout ratio is currently 30.42%.

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.