Bank of New York Mellon Corp Makes New $3.41 Million Investment in Great Southern Bancorp, Inc. $GSBC

Key Points

• Bank of New York Mellon acquired 43,517 shares of Great Southern Bancorp, worth approximately $3.41 million, giving it a 0.40% stake. Institutional investors collectively own 41.66% of the company.
• Analyst sentiment is neutral: Great Southern Bancorp has a consensus “Hold” rating and a $74 price target, despite shares recently trading around $80.24.
• The company exceeded quarterly earnings expectations, reporting $1.57 EPS versus the $1.38 estimate and $56.87 million in revenue. It also maintains a quarterly dividend of $0.43 per share, yielding approximately 2.1% annually.

Bank of New York Mellon Corp bought a new position in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 43,517 shares of the financial services provider's stock, valued at approximately $3,412,000. Bank of New York Mellon Corp owned approximately 0.40% of Great Southern Bancorp as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of Great Southern Bancorp by 1,301.8% in the third quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 716 shares during the period. Sarver Vrooman Wealth Advisors acquired a new position in Great Southern Bancorp during the fourth quarter worth about $77,000. Royal Bank of Canada grew its position in 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 worth $83,000 after buying an additional 260 shares during the period. Quadrant Capital Group LLC purchased a new position in Great Southern Bancorp in the third quarter valued at about $128,000. Finally, Walleye Capital LLC acquired a new stake in shares of Great Southern Bancorp during the 2nd quarter valued at approximately $206,000. 41.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on GSBC. Zacks Research lowered Great Southern Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods lifted their target price on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, July 17th. Finally, Weiss Ratings lowered shares of Great Southern Bancorp from a "buy (b+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $74.00.

Great Southern Bancorp Stock Performance

Shares of GSBC opened at $80.24 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $874.62 million, a P/E ratio of 13.33 and a beta of 0.48. The stock's fifty day simple moving average is $79.27 and its 200 day simple moving average is $71.69. Great Southern Bancorp, Inc. has a twelve month low of $53.76 and a twelve month high of $82.91.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Great Southern Bancorp, Inc. will post 5.99 earnings per share for the current year.

Great Southern Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Monday, June 29th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 2.1%. Great Southern Bancorp's payout ratio is presently 28.57%.

Insiders Place Their Bets

In other Great Southern Bancorp news, Director Julie Brown sold 851 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $81.00, for a total value of $68,931.00. Following the transaction, the director directly owned 7,052 shares of the company's stock, valued at $571,212. This trade represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 29.75% of the company's stock.

Great Southern Bancorp Profile

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.

Want to see what other hedge funds are holding GSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Southern Bancorp, Inc. (NASDAQ:GSBC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.