Great Southern Bancorp (NASDAQ:GSBC) Sees Large Volume Increase – Here’s Why

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) saw an uptick in trading volume on Wednesday . 27,785 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 27,628 shares.The stock last traded at $57.82 and had previously closed at $57.89.

Wall Street Analyst Weigh In

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

Great Southern Bancorp Stock Performance

The firm has a market cap of $664.68 million, a PE ratio of 10.90 and a beta of 0.62. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. The business has a 50 day simple moving average of $58.65 and a two-hundred day simple moving average of $59.53.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Monday, March 31st. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Insiders Place Their Bets

In other Great Southern Bancorp news, VP Kevin L. Baker sold 5,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $60.02, for a total transaction of $300,100.00. Following the transaction, the vice president now directly owns 14 shares in the company, valued at $840.28. This represents a 99.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Great Southern Bancorp

Hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Great Southern Bancorp by 1.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,455 shares of the financial services provider’s stock valued at $1,102,000 after buying an additional 349 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Great Southern Bancorp by 9.8% in the 4th quarter. Squarepoint Ops LLC now owns 4,620 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Great Southern Bancorp by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 200 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Great Southern Bancorp by 4.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 10,996 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 438 shares in the last quarter. Finally, Dean Capital Management lifted its stake in shares of Great Southern Bancorp by 82.0% during the 4th quarter. Dean Capital Management now owns 28,242 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 12,721 shares during the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.

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.