Goldman Sachs Group Inc. Has $3.77 Million Position in 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 stake in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC - Free Report) by 21.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,074 shares of the financial services provider's stock after selling 18,091 shares during the quarter. Goldman Sachs Group Inc. owned about 0.59% of Great Southern Bancorp worth $3,769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GSBC. Versant Capital Management Inc lifted its holdings in Great Southern Bancorp by 81.6% in the 1st quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 217 shares in the last quarter. Squarepoint Ops LLC increased its position in Great Southern Bancorp by 9.8% during the 4th 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 in the last quarter. Rafferty Asset Management LLC grew its position in Great Southern Bancorp by 24.6% in the first quarter. Rafferty Asset Management LLC now owns 4,987 shares of the financial services provider's stock valued at $276,000 after acquiring an additional 984 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Great Southern Bancorp by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider's stock valued at $284,000 after acquiring an additional 234 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Great Southern Bancorp by 17,650.0% in the first quarter. GAMMA Investing LLC now owns 6,035 shares of the financial services provider's stock valued at $334,000 after acquiring an additional 6,001 shares in the last quarter. 41.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GSBC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Wall Street Zen raised shares of Great Southern Bancorp from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.50.

Great Southern Bancorp Stock Down 2.5%

Shares of GSBC traded down $1.63 during trading hours on Friday, reaching $62.88. The company's stock had a trading volume of 112,081 shares, compared to its average volume of 30,323. The firm has a market cap of $712.30 million, a price-to-earnings ratio of 10.71 and a beta of 0.57. Great Southern Bancorp, Inc. has a 1-year low of $47.57 and a 1-year high of $68.01. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $60.73 and a two-hundred day moving average of $57.94.

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

Great Southern Bancorp Increases Dividend

The company 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 $0.43 dividend. This is an increase from Great Southern Bancorp's previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, September 29th. Great Southern Bancorp's dividend payout ratio is currently 29.30%.

Great Southern Bancorp Company Profile

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.