Piper Sandler Lowers Great Southern Bancorp (NASDAQ:GSBC) Price Target to $62.00

Great Southern Bancorp (NASDAQ:GSBC) had its target price reduced by Piper Sandler from $64.00 to $62.00 in a research report report published on Friday, Marketbeat.com reports. Piper Sandler 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 Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. Great Southern Bancorp has a 52 week low of $46.60 and a 52 week high of $65.90. The stock has a market capitalization of $680.83 million, a PE ratio of 11.47 and a beta of 0.62. The firm has a 50 day moving average of $57.24 and a two-hundred day moving average of $55.38.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.15. The business had revenue of $90.79 million during the quarter, compared to analysts’ expectations of $54.75 million. Great Southern Bancorp had a net margin of 17.42% and a return on equity of 10.62%. During the same period in the previous year, the company earned $1.33 EPS. On average, research analysts predict that Great Southern Bancorp will post 5.09 EPS for the current fiscal year.

Great Southern Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 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 presently 31.43%.

Insider Activity at Great Southern Bancorp

In related news, Director Earl A. Steinert, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total value of $316,050.00. Following the completion of the sale, the director now directly owns 939,596 shares of the company’s stock, valued at $59,391,863.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Earl A. Steinert, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total transaction of $316,050.00. Following the transaction, the director now directly owns 939,596 shares in the company, valued at $59,391,863.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William V. Turner sold 4,420 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $56.14, for a total transaction of $248,138.80. Following the transaction, the director now owns 210,112 shares in the company, valued at $11,795,687.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,670 shares of company stock valued at $958,706 over the last ninety days. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC purchased a new position in shares of Great Southern Bancorp during the second quarter valued at approximately $40,000. EntryPoint Capital LLC increased its position in shares of Great Southern Bancorp by 130.5% in the first quarter. EntryPoint Capital LLC now owns 959 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 543 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Great Southern Bancorp in the second quarter worth $159,000. Comerica Bank acquired a new stake in shares of Great Southern Bancorp in the first quarter worth $173,000. Finally, EMC Capital Management increased its position in shares of Great Southern Bancorp by 33.4% in the first quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 1,123 shares in the last quarter. 41.66% of the stock is currently owned by institutional investors and hedge funds.

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.