Great Southern Bancorp (NASDAQ:GSBC) Given New $64.00 Price Target at Piper Sandler

Great Southern Bancorp (NASDAQ:GSBC) had its target price lowered by Piper Sandler from $67.00 to $64.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Great Southern Bancorp Stock Performance

Shares of GSBC stock opened at $58.40 on Thursday. The stock has a market cap of $682.11 million, a PE ratio of 11.10 and a beta of 0.65. The stock has a 50-day moving average of $61.82 and a 200-day moving average of $59.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93. Great Southern Bancorp has a one year low of $48.19 and a one year high of $68.01.

Great Southern Bancorp (NASDAQ:GSBC) last issued its earnings results 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 net margin of 17.40% and a return on equity of 10.62%. As a group, sell-side analysts expect that Great Southern Bancorp will post 5.18 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, January 14th. Investors of record on Monday, December 30th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.60 annualized dividend and a dividend yield of 2.74%. Great Southern Bancorp’s dividend payout ratio is presently 30.42%.

Insiders Place Their Bets

In other Great Southern Bancorp news, Director Julie A. Brown sold 2,500 shares of Great Southern Bancorp stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $61.05, for a total value of $152,625.00. Following the sale, the director now owns 32,896 shares of the company’s stock, valued at $2,008,300.80. This trade represents a 7.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph W. Turner sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total value of $399,780.00. Following the transaction, the chief executive officer now directly owns 137,382 shares of the company’s stock, valued at $9,153,762.66. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,174 shares of company stock worth $1,235,009. Company insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Great Southern Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of GSBC. BNP Paribas Financial Markets grew its stake in shares of Great Southern Bancorp by 11.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,115 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 215 shares in the last quarter. Virtu Financial LLC bought a new position in Great Southern Bancorp in the third quarter valued at $221,000. SG Americas Securities LLC increased its stake in Great Southern Bancorp by 48.9% in the 3rd quarter. SG Americas Securities LLC now owns 4,258 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,398 shares during the last quarter. EMC Capital Management lifted its position in Great Southern Bancorp by 188.9% during the 4th quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock worth $268,000 after buying an additional 2,932 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in shares of Great Southern Bancorp by 33.1% during the 3rd quarter. PDT Partners LLC now owns 8,485 shares of the financial services provider’s stock worth $486,000 after buying an additional 2,108 shares during the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.

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.