Great Southern Bancorp (NASDAQ:GSBC) Sees Unusually-High Trading Volume on Earnings Beat

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) saw unusually-high trading volume on Thursday following a stronger than expected earnings report. Approximately 160,087 shares traded hands during trading, an increase of 336% from the previous session's volume of 36,747 shares.The stock last traded at $62.55 and had previously closed at $59.18.

The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.35. The company had revenue of $59.18 million during the quarter, compared to analysts' expectations of $55.61 million. Great Southern Bancorp had a return on equity of 11.24% and a net margin of 19.18%.

Great Southern Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 30th. This represents a $1.60 annualized dividend and a yield of 2.64%. Great Southern Bancorp's dividend payout ratio is currently 27.26%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GSBC. Piper Sandler reduced their price objective on shares of Great Southern Bancorp from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods upped their price objective 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. Finally, Wall Street Zen upgraded shares of Great Southern Bancorp from a "sell" rating to a "hold" rating in a report on Friday, June 27th.

Institutional Trading of Great Southern Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC raised its position in shares of Great Southern Bancorp by 1.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 13,208 shares of the financial services provider's stock valued at $776,000 after buying an additional 209 shares in the last quarter. Jane Street Group LLC purchased a new position in Great Southern Bancorp in the 1st quarter worth $1,146,000. Empowered Funds LLC raised its position in Great Southern Bancorp by 68.5% in the 1st quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider's stock worth $755,000 after purchasing an additional 5,546 shares during the period. Dean Capital Management raised its position in Great Southern Bancorp by 2.3% in the 1st quarter. Dean Capital Management now owns 28,883 shares of the financial services provider's stock worth $1,599,000 after purchasing an additional 641 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 41.66% of the company's stock.

Great Southern Bancorp Price Performance

The business's 50-day simple moving average is $58.30 and its 200-day simple moving average is $57.45. The stock has a market cap of $696.11 million, a PE ratio of 10.34 and a beta of 0.53. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

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.