BidaskClub Lowers Great Southern Bancorp, Inc. (GSBC) to Strong Sell

Great Southern Bancorp, Inc. (NASDAQ:GSBC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Great Southern Bancorp from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, June 21st. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 target price on shares of Great Southern Bancorp in a report on Friday, July 21st.

Great Southern Bancorp (NASDAQ:GSBC) traded up 1.89% during mid-day trading on Friday, reaching $48.60. The company’s stock had a trading volume of 11,823 shares. Great Southern Bancorp has a 12 month low of $38.35 and a 12 month high of $56.70. The stock’s 50 day moving average is $52.14 and its 200 day moving average is $50.95. The company has a market cap of $682.15 million, a price-to-earnings ratio of 13.62 and a beta of 1.08.

Great Southern Bancorp (NASDAQ:GSBC) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.37. Great Southern Bancorp had a return on equity of 11.62% and a net margin of 22.84%. The firm had revenue of $53.70 million for the quarter, compared to analysts’ expectations of $49.78 million. Equities research analysts predict that Great Southern Bancorp will post $3.57 EPS for the current year.

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In other news, Director William V. Turner sold 10,800 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $52.76, for a total transaction of $569,808.00. Following the sale, the director now owns 173,853 shares of the company’s stock, valued at $9,172,484.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William V. Turner sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $52.73, for a total value of $263,650.00. Following the sale, the director now directly owns 173,853 shares in the company, valued at approximately $9,167,268.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,851 shares of company stock worth $836,004. 23.78% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in Great Southern Bancorp by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 220,124 shares of the financial services provider’s stock worth $11,776,000 after buying an additional 3,282 shares in the last quarter. State Street Corp raised its stake in Great Southern Bancorp by 5.5% in the second quarter. State Street Corp now owns 223,346 shares of the financial services provider’s stock worth $11,949,000 after buying an additional 11,691 shares in the last quarter. Voya Investment Management LLC raised its stake in Great Southern Bancorp by 9.0% in the second quarter. Voya Investment Management LLC now owns 7,844 shares of the financial services provider’s stock worth $420,000 after buying an additional 647 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Great Southern Bancorp by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 624,663 shares of the financial services provider’s stock worth $33,420,000 after buying an additional 22,862 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Great Southern Bancorp during the second quarter worth approximately $1,105,000. 39.91% of the stock is currently owned by institutional investors.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.

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