Great Southern Bancorp (NASDAQ:GSBC) Sees Strong Trading Volume - Time to Buy?

Key Points

• Great Southern Bancorp experienced a trading volume increase recently, with shares trading at $63.03, a marginal decline from the previous close of $63.28.
• Wall Street analysts have raised their ratings on GSBC, with a consensus rating of "Hold" and an average price target of $60.50.
• The company reported a net margin of 19.18% and earnings per share (EPS) of $1.72 for its last quarter, surpassing analyst expectations.

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) saw an uptick in trading volume on Thursday . 32,700 shares were traded during trading, an increase of 1% from the previous session's volume of 32,297 shares.The stock last traded at $63.03 and had previously closed at $63.28.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GSBC. 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. Keefe, Bruyette & Woods lifted their target price on 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. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $60.50.

Great Southern Bancorp Stock Up 0.1%

The stock's fifty day moving average is $60.57 and its two-hundred day moving average is $57.72. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $715.72 million, a PE ratio of 10.76 and a beta of 0.57.

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

Great Southern Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Great Southern Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 worth $293,000 after buying an additional 200 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Great Southern Bancorp by 1.6% in the second 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 purchasing an additional 209 shares in the last quarter. Versant Capital Management Inc raised 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 valued at $27,000 after purchasing an additional 217 shares in the last quarter. Rhumbline Advisers raised its stake in Great Southern Bancorp by 1.9% in the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider's stock valued at $798,000 after purchasing an additional 253 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Great Southern Bancorp by 2.5% during the 2nd quarter. Bank of America Corp DE now owns 13,234 shares of the financial services provider's stock valued at $778,000 after buying an additional 322 shares in the last quarter. 41.66% of the stock is owned by hedge funds and other institutional investors.

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.

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