Great Southern Bancorp, Inc. $GSBC Shares Sold by Simmons Bank

Simmons Bank reduced its position in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 18.1% in the first quarter, HoldingsChannel.com reports. The firm owned 119,791 shares of the financial services provider’s stock after selling 26,400 shares during the period. Simmons Bank’s holdings in Great Southern Bancorp were worth $7,562,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Great Southern Bancorp by 1,301.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock worth $47,000 after buying an additional 716 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new position in Great Southern Bancorp during the fourth quarter valued at about $77,000. Quadrant Capital Group LLC acquired a new position in Great Southern Bancorp during the third quarter worth about $128,000. R Squared Ltd acquired a new position in Great Southern Bancorp during the fourth quarter worth about $203,000. Finally, Walleye Capital LLC bought a new stake in Great Southern Bancorp in the second quarter worth about $206,000. 41.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Great Southern Bancorp news, VP John M. Bugh sold 2,500 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $67.59, for a total transaction of $168,975.00. Following the sale, the vice president owned 1,790 shares in the company, valued at approximately $120,986.10. The trade was a 58.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph W. Turner sold 6,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $68.16, for a total transaction of $408,960.00. Following the sale, the chief executive officer directly owned 136,182 shares of the company’s stock, valued at $9,282,165.12. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,687 shares of company stock worth $938,407 in the last quarter. 29.75% of the stock is currently owned by corporate insiders.

Great Southern Bancorp Stock Performance

GSBC opened at $78.28 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a market cap of $852.47 million, a PE ratio of 12.41 and a beta of 0.50. The business has a fifty day simple moving average of $71.37 and a 200-day simple moving average of $66.13. Great Southern Bancorp, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $79.29.

Great Southern Bancorp (NASDAQ:GSBC) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.31. Great Southern Bancorp had a return on equity of 11.29% and a net margin of 21.33%.The company had revenue of $55.36 million for the quarter, compared to analyst estimates of $54.75 million. As a group, equities analysts predict that Great Southern Bancorp, Inc. will post 5.84 EPS for the current fiscal year.

Great Southern Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Monday, June 29th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. Great Southern Bancorp’s dividend payout ratio (DPR) is currently 27.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GSBC. Weiss Ratings downgraded shares of Great Southern Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Great Southern Bancorp from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. Wall Street Zen downgraded shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research lowered shares of Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.00.

About Great Southern Bancorp

Great Southern Bancorp, Inc (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank’s core business activities include deposit-taking, lending and treasury management.