Great Southern Bancorp (NASDAQ:GSBC) Price Target Raised to $64.00

Great Southern Bancorp (NASDAQ:GSBC) had its price objective boosted by Piper Sandler from $53.00 to $64.00 in a research note released on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Great Southern Bancorp Price Performance

NASDAQ GSBC opened at $61.65 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18. Great Southern Bancorp has a 1 year low of $45.66 and a 1 year high of $65.90. The company has a market cap of $718.84 million, a PE ratio of 12.11 and a beta of 0.64. The stock’s 50-day moving average price is $53.87 and its two-hundred day moving average price is $53.21.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.25. Great Southern Bancorp had a net margin of 17.42% and a return on equity of 10.68%. The business had revenue of $90.76 million for the quarter, compared to analyst estimates of $53.75 million. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, analysts predict that Great Southern Bancorp will post 5.09 EPS for the current year.

Great Southern Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st were given a $0.40 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.60 annualized dividend and a dividend yield of 2.60%. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 31.43%.

Insider Activity at Great Southern Bancorp

In related news, VP Kevin L. Baker sold 625 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $53.60, for a total value of $33,500.00. Following the completion of the sale, the vice president now directly owns 13 shares of the company’s stock, valued at approximately $696.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC acquired a new stake in shares of Great Southern Bancorp during the 2nd quarter valued at $40,000. EntryPoint Capital LLC raised its holdings in shares of Great Southern Bancorp by 130.5% during 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 Great Southern Bancorp during the second quarter valued at $159,000. Comerica Bank purchased a new position in Great Southern Bancorp in the first quarter valued at about $173,000. Finally, EMC Capital Management increased its position in Great Southern Bancorp by 33.4% in the 1st quarter. EMC Capital Management now owns 4,484 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 1,123 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.