Piper Sandler Cuts Great Southern Bancorp (NASDAQ:GSBC) Price Target to $64.00

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

Great Southern Bancorp Price Performance

Shares of NASDAQ:GSBC opened at $58.66 on Thursday. Great Southern Bancorp has a 52 week low of $48.19 and a 52 week high of $68.01. The business has a fifty day simple moving average of $61.73 and a 200-day simple moving average of $59.68. 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 company has a market cap of $685.15 million, a P/E ratio of 11.15 and a beta of 0.65.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings results 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 return on equity of 10.62% and a net margin of 17.40%. Equities research analysts forecast that Great Southern Bancorp will post 5.18 EPS for the current year.

Great Southern Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were issued a $0.40 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. Great Southern Bancorp’s dividend payout ratio (DPR) is 30.42%.

Insider Buying and Selling

In other news, VP Mark A. Maples sold 2,600 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $63.42, for a total value of $164,892.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie A. Brown sold 2,500 shares of Great Southern Bancorp stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $61.05, for a total transaction of $152,625.00. Following the transaction, the director now owns 32,896 shares in the company, valued at $2,008,300.80. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,174 shares of company stock valued at $1,235,009. 27.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Great Southern Bancorp

A number of large investors have recently modified their holdings of GSBC. BNP Paribas Financial Markets boosted its holdings in Great Southern Bancorp by 11.3% in 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 during the period. Virtu Financial LLC purchased a new stake in shares of Great Southern Bancorp during the third quarter worth about $221,000. SG Americas Securities LLC lifted its stake in shares of Great Southern Bancorp by 48.9% in the third quarter. SG Americas Securities LLC now owns 4,258 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 1,398 shares in the last quarter. EMC Capital Management lifted its stake in shares of Great Southern Bancorp by 188.9% in the fourth quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 2,932 shares in the last quarter. Finally, PDT Partners LLC boosted its holdings in Great Southern Bancorp by 33.1% in the third quarter. PDT Partners LLC now owns 8,485 shares of the financial services provider’s stock valued at $486,000 after purchasing 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.