Great Southern Bancorp (NASDAQ:GSBC) Sees Unusually-High Trading Volume - Here's Why

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) shares saw an uptick in trading volume on Wednesday . 34,660 shares were traded during mid-day trading, an increase of 20% from the previous session's volume of 28,997 shares.The stock last traded at $50.47 and had previously closed at $50.85.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price objective on Great Southern Bancorp from $67.00 to $64.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd.

Great Southern Bancorp Price Performance

The company has a 50-day moving average of $56.82 and a 200-day moving average of $59.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $586.39 million, a price-to-earnings ratio of 9.61 and a beta of 0.50.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.05). Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.40%. As a group, research analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.40 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.16%. Great Southern Bancorp's dividend payout ratio (DPR) is 30.42%.

Insider Transactions at Great Southern Bancorp

In other news, VP Kevin L. Baker sold 5,000 shares of Great Southern Bancorp stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $60.02, for a total value of $300,100.00. Following the sale, the vice president now directly owns 14 shares in the company, valued at $840.28. This trade represents a 99.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 27.60% of the stock is owned by insiders.

Institutional Trading of Great Southern Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of GSBC. Wedge Capital Management L L P NC boosted its stake in shares of Great Southern Bancorp by 19.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 12,999 shares of the financial services provider's stock worth $720,000 after acquiring an additional 2,114 shares during the period. GAMMA Investing LLC increased its stake in Great Southern Bancorp by 17,650.0% during 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 period. Versant Capital Management Inc increased its position in shares of 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 purchasing an additional 217 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Great Southern Bancorp by 1.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,455 shares of the financial services provider's stock valued at $1,102,000 after purchasing an additional 349 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Great Southern Bancorp by 9.8% during 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 period. Institutional investors own 41.66% of the company's stock.

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.