Piper Sandler Has Lowered Expectations for Great Southern Bancorp (NASDAQ:GSBC) Stock Price

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

Great Southern Bancorp Stock Performance

GSBC opened at $58.40 on Thursday. 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 stock has a market cap of $682.11 million, a price-to-earnings ratio of 11.10 and a beta of 0.65. Great Southern Bancorp has a 12-month low of $48.19 and a 12-month high of $68.01. The business has a 50 day moving average of $61.82 and a 200-day moving average of $59.61.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share (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%. On average, equities research analysts expect that Great Southern Bancorp will post 5.18 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

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

Insiders Place Their Bets

In other Great Southern Bancorp news, CEO Joseph W. Turner sold 6,000 shares of the company’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 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Mark A. Maples sold 2,074 shares of Great Southern Bancorp 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 disclosure for this sale can be found here. Insiders sold 19,174 shares of company stock worth $1,235,009 over the last three months. Insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Great Southern Bancorp

A number of hedge funds have recently bought and sold shares of the business. EMC Capital Management boosted its holdings in Great Southern Bancorp by 188.9% in the 4th quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 2,932 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Great Southern Bancorp by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,235 shares of the financial services provider’s stock valued at $611,000 after buying an additional 391 shares during the period. SG Americas Securities LLC grew its position in Great Southern Bancorp by 11.4% during the fourth quarter. SG Americas Securities LLC now owns 4,745 shares of the financial services provider’s stock worth $283,000 after buying an additional 487 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Great Southern Bancorp by 98.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,779 shares of the financial services provider’s stock worth $1,076,000 after acquiring an additional 9,325 shares during the period. Finally, Virtu Financial LLC acquired a new position in Great Southern Bancorp in the 3rd quarter valued at $221,000. 41.66% of the stock is owned by institutional investors.

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.