Great Southern Bancorp (NASDAQ:GSBC) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Great Southern Bancorp from “Sell” to “Hold.” Other analysts’ views resulted in a consensus “Hold” rating and a $74.00 target price.
• GSBC shares opened at $78.05, near their 12-month high of $82.91, while the company’s latest quarterly results exceeded expectations with earnings of $1.57 per share versus the $1.38 consensus estimate.
• Insiders own 29.75% of the company and institutional investors own 41.66%; director Julie Brown recently sold 851 shares at an average price of $81.00.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts have also recently weighed in on GSBC. Weiss Ratings raised shares of Great Southern Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the company a "market perform" rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $74.00.

Great Southern Bancorp Trading Up 0.5%

NASDAQ:GSBC opened at $78.05 on Friday. Great Southern Bancorp has a 12-month low of $53.76 and a 12-month high of $82.91. The firm has a market capitalization of $850.75 million, a P/E ratio of 12.97 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $78.97 and a 200 day simple moving average of $75.05.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.19. The firm had revenue of $56.87 million during the quarter, compared to the consensus estimate of $55.26 million. Great Southern Bancorp had a return on equity of 10.83% and a net margin of 20.72%. Equities research analysts predict that Great Southern Bancorp will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other Great Southern Bancorp news, Director Julie Brown sold 851 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $81.00, for a total transaction of $68,931.00. Following the completion of the transaction, the director owned 7,052 shares in the company, valued at approximately $571,212. The trade was a 10.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 29.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Great Southern Bancorp by 24.8% during the first quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 260 shares in the last quarter. Lazard Asset Management LLC grew its position in Great Southern Bancorp by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 16,231 shares of the financial services provider's stock valued at $1,025,000 after buying an additional 308 shares in the last quarter. Inspire Investing LLC grew its position in Great Southern Bancorp by 7.6% in the 1st quarter. Inspire Investing LLC now owns 8,136 shares of the financial services provider's stock valued at $514,000 after buying an additional 572 shares in the last quarter. Quantbot Technologies LP bought a new position in Great Southern Bancorp in the 2nd quarter valued at about $71,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Great Southern Bancorp during the 2nd quarter valued at about $216,000. 41.66% of the stock is owned by institutional investors and hedge funds.

About Great Southern Bancorp

Great Southern Bancorp, Inc is the bank holding company for Great Southern Bank, a full-service financial institution headquartered in Springfield, Missouri. Through its banking subsidiary, the company provides deposit accounts, lending products and other financial services to individuals, families, businesses and commercial real estate customers.

Great Southern Bank offers checking and savings accounts, certificates of deposit, consumer loans, residential real estate loans, commercial and industrial financing, commercial real estate loans, construction loans and agricultural lending.

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