Great Southern Bancorp (NASDAQ:GSBC) Price Target Lowered to $58.00 at Piper Sandler

Great Southern Bancorp (NASDAQ:GSBC - Free Report) had its target price trimmed by Piper Sandler from $62.00 to $58.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider's stock.

Great Southern Bancorp Stock Performance

Shares of NASDAQ:GSBC traded down $0.63 during midday trading on Monday, hitting $54.79. The company had a trading volume of 67,963 shares, compared to its average volume of 29,674. Great Southern Bancorp has a 12-month low of $47.57 and a 12-month high of $68.02. The company has a fifty day moving average of $55.53 and a two-hundred day moving average of $58.89. The company has a market cap of $635.45 million, a price-to-earnings ratio of 10.42 and a beta of 0.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.21. Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. The firm had revenue of $55.92 million during the quarter, compared to analysts' expectations of $55.53 million. On average, equities research analysts expect that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 2.92%. Great Southern Bancorp's payout ratio is currently 28.57%.

Insider Activity

In related news, VP Kevin L. Baker sold 5,000 shares of Great Southern Bancorp stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $60.02, for a total transaction of $300,100.00. Following the completion of the transaction, the vice president now directly owns 14 shares of the company's stock, valued at approximately $840.28. The trade was a 99.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.93% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its stake 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 worth $27,000 after acquiring an additional 217 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Great Southern Bancorp by 146.7% during 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. Virtu Financial LLC purchased a new position in Great Southern Bancorp during the third quarter valued at approximately $221,000. AlphaQuest LLC bought a new position in Great Southern Bancorp in the fourth quarter worth approximately $256,000. Finally, ExodusPoint Capital Management LP bought a new position in Great Southern Bancorp in the fourth quarter worth approximately $256,000. Hedge funds and other institutional investors own 41.66% of the company's stock.

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.