Great Southern Bancorp (NASDAQ:GSBC) Sees Strong Trading Volume – Here’s What Happened

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) saw an uptick in trading volume on Tuesday . 24,367 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 27,283 shares.The stock last traded at $56.87 and had previously closed at $56.66.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price target on shares of Great Southern Bancorp from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd.

Great Southern Bancorp Trading Up 0.8 %

The firm’s 50-day moving average price is $58.74 and its 200-day moving average price is $59.54. The company has a market cap of $671.87 million, a P/E ratio of 11.01 and a beta of 0.62. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.05). Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. As a group, equities research analysts expect that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current fiscal year.

Great Southern Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.76%. Great Southern Bancorp’s dividend payout ratio is currently 30.42%.

Insider Activity at Great Southern Bancorp

In related news, VP Kevin L. Baker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $60.02, for a total transaction of $300,100.00. Following the completion of the transaction, the vice president now owns 14 shares of the company’s stock, valued at approximately $840.28. The trade was a 99.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 27.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Great Southern Bancorp

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in Great Southern Bancorp by 146.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 597 shares of the financial services provider’s stock worth $36,000 after buying an additional 355 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 buying an additional 215 shares in the last quarter. Virtu Financial LLC purchased a new position in Great Southern Bancorp in the 3rd quarter worth approximately $221,000. AlphaQuest LLC purchased a new position in Great Southern Bancorp in the 4th quarter worth approximately $256,000. Finally, ExodusPoint Capital Management LP purchased a new position in Great Southern Bancorp in the 4th quarter worth approximately $256,000. Hedge funds and other institutional investors 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.