Great Southern Bancorp, Inc. (NASDAQ:GSBC) Short Interest Down 7.5% in October

Great Southern Bancorp, Inc. (NASDAQ:GSBC) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 123,700 shares, a decrease of 7.5% from the October 15th total of 133,700 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 23,800 shares, the short-interest ratio is presently 5.2 days.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their target price on Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, October 18th.

Insiders Place Their Bets

In related news, VP Mark A. Maples sold 2,074 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $67.19, for a total value of $139,352.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph W. Turner sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total value of $399,780.00. Following the completion of the sale, the chief executive officer now directly owns 137,382 shares of the company’s stock, valued at $9,153,762.66. This trade represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,074 shares of company stock worth $917,492. Corporate insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GSBC. Vanguard Group Inc. grew its holdings in Great Southern Bancorp by 11.5% in the first quarter. Vanguard Group Inc. now owns 564,032 shares of the financial services provider’s stock valued at $30,920,000 after purchasing an additional 58,041 shares during the last quarter. American Century Companies Inc. lifted its position in Great Southern Bancorp by 15.6% during the second quarter. American Century Companies Inc. now owns 173,711 shares of the financial services provider’s stock worth $9,660,000 after buying an additional 23,401 shares during the period. Independent Advisor Alliance lifted its position in Great Southern Bancorp by 219.1% during the third quarter. Independent Advisor Alliance now owns 24,862 shares of the financial services provider’s stock worth $1,425,000 after buying an additional 17,070 shares during the period. FMR LLC lifted its position in Great Southern Bancorp by 30.8% during the third quarter. FMR LLC now owns 58,613 shares of the financial services provider’s stock worth $3,359,000 after buying an additional 13,799 shares during the period. Finally, Barclays PLC lifted its position in Great Southern Bancorp by 136.6% during the third quarter. Barclays PLC now owns 15,508 shares of the financial services provider’s stock worth $889,000 after buying an additional 8,954 shares during the period. Hedge funds and other institutional investors own 41.66% of the company’s stock.

Great Southern Bancorp Price Performance

Shares of NASDAQ GSBC opened at $63.30 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. Great Southern Bancorp has a twelve month low of $48.19 and a twelve month high of $68.01. The stock has a 50 day moving average of $58.27 and a two-hundred day moving average of $56.58. The stock has a market cap of $739.34 million, a P/E ratio of 12.41 and a beta of 0.62.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.15. Great Southern Bancorp had a return on equity of 10.36% and a net margin of 17.21%. The company had revenue of $90.79 million during the quarter, compared to analysts’ expectations of $54.75 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. On average, research analysts forecast that Great Southern Bancorp will post 5.3 earnings per share for the current year.

Great Southern Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Monday, September 30th. Great Southern Bancorp’s payout ratio is 31.37%.

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.