Goldman Sachs Group Inc. Sells 18,091 Shares of Great Southern Bancorp, Inc. $GSBC

Key Points

• Goldman Sachs Group Inc. reduced its stake in Great Southern Bancorp by 21.0%, selling 18,091 shares during the first quarter, leaving it with 68,074 shares valued at approximately $3.77 million.
• Great Southern Bancorp recently increased its quarterly dividend from $0.40 to $0.43 per share, resulting in an annualized dividend of $1.72 and a yield of 2.7%.
• According to analysts, Great Southern Bancorp has a consensus rating of "Hold" with a target price of $60.50, reflecting cautious optimism about its price performance.

Goldman Sachs Group Inc. cut its holdings in Great Southern Bancorp, Inc. (NASDAQ:GSBC - Free Report) by 21.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,074 shares of the financial services provider's stock after selling 18,091 shares during the period. Goldman Sachs Group Inc. owned 0.59% of Great Southern Bancorp worth $3,769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of Great Southern Bancorp by 81.6% during the first quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider's stock valued at $27,000 after buying an additional 217 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Great Southern Bancorp by 9.8% in the fourth quarter. Squarepoint Ops LLC now owns 4,620 shares of the financial services provider's stock worth $276,000 after purchasing an additional 411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Great Southern Bancorp by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the financial services provider's stock worth $293,000 after buying an additional 200 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in Great Southern Bancorp by 24.6% during the 1st quarter. Rafferty Asset Management LLC now owns 4,987 shares of the financial services provider's stock valued at $276,000 after buying an additional 984 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Great Southern Bancorp by 17,650.0% in the 1st quarter. GAMMA Investing LLC now owns 6,035 shares of the financial services provider's stock worth $334,000 after acquiring an additional 6,001 shares during the last quarter. 41.66% of the stock is currently owned by institutional investors.

Great Southern Bancorp Stock Down 0.0%

Shares of GSBC stock traded down $0.01 during mid-day trading on Monday, hitting $62.87. The stock had a trading volume of 34,098 shares, compared to its average volume of 33,340. The firm has a market capitalization of $712.32 million, a P/E ratio of 10.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. Great Southern Bancorp, Inc. has a 12-month low of $47.57 and a 12-month high of $68.01. The firm's 50-day moving average is $60.76 and its two-hundred day moving average is $57.99.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.35. The company had revenue of $59.18 million during the quarter, compared to analyst estimates of $55.61 million. Great Southern Bancorp had a net margin of 19.18% and a return on equity of 11.17%. On average, analysts predict that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current fiscal year.

Great Southern Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, September 29th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, September 29th. This is a positive change from Great Southern Bancorp's previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 2.7%. Great Southern Bancorp's dividend payout ratio is 27.26%.

Analyst Ratings Changes

Several brokerages recently weighed in on GSBC. Wall Street Zen upgraded shares of Great Southern Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods increased their price target on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $60.50.

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.