Hotchkis & Wiley Capital Management LLC Buys 43,430 Shares of Great Southern Bancorp, Inc. $GSBC

Key Points

• Hotchkis & Wiley Capital Management LLC has increased its stake in Great Southern Bancorp by 69.2%, now owning approximately 106,190 shares valued at $5.88 million.
• Great Southern Bancorp reported a quarterly earnings per share of $1.72, surpassing analysts' estimates by $0.35, with a net margin of 19.18%.
• The company declared a quarterly dividend of $0.40 per share, representing a 2.6% yield, with a payout ratio of 27.26%.

Hotchkis & Wiley Capital Management LLC boosted its holdings in Great Southern Bancorp, Inc. (NASDAQ:GSBC - Free Report) by 69.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,190 shares of the financial services provider's stock after acquiring an additional 43,430 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.93% of Great Southern Bancorp worth $5,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GSBC. Versant Capital Management Inc boosted its position in Great Southern Bancorp by 81.6% in 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 in the last quarter. Tower Research Capital LLC TRC increased its stake in Great Southern Bancorp by 146.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 597 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 355 shares in the last quarter. Squarepoint Ops LLC increased its stake in 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 valued at $276,000 after purchasing an additional 411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $293,000 after purchasing an additional 200 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Great Southern Bancorp during the fourth quarter worth $330,000. Institutional investors own 41.66% of the company's stock.

Great Southern Bancorp Stock Performance

Great Southern Bancorp stock traded down $0.19 during midday trading on Friday, hitting $63.29. The company's stock had a trading volume of 21,969 shares, compared to its average volume of 36,937. Great Southern Bancorp, Inc. has a 1-year low of $47.57 and a 1-year high of $68.01. 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 company has a 50-day moving average price of $59.89 and a two-hundred day moving average price of $57.47. The company has a market cap of $717.08 million, a price-to-earnings ratio of 10.78 and a beta of 0.57.

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

Great Southern Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. Great Southern Bancorp's dividend payout ratio (DPR) is currently 27.26%.

Analyst Ratings Changes

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