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

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 83,237 shares changed hands during trading, an increase of 165% from the previous session's volume of 31,404 shares.The stock last traded at $56.45 and had previously closed at $55.93.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GSBC. Keefe, Bruyette & Woods dropped their target price on Great Southern Bancorp from $63.00 to $61.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Piper Sandler dropped their target price on Great Southern Bancorp from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen lowered Great Southern Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, June 6th.

Great Southern Bancorp Stock Performance

The firm has a market capitalization of $680.74 million, a PE ratio of 10.60 and a beta of 0.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50-day moving average price of $56.57 and a 200-day moving average price of $57.66.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last announced its earnings results 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. The business had revenue of $55.92 million for the quarter, compared to analyst estimates of $55.53 million. Great Southern Bancorp had a return on equity of 10.95% and a net margin of 18.32%. On average, research analysts expect that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, June 30th. Great Southern Bancorp's dividend payout ratio is currently 28.57%.

Institutional Trading of Great Southern Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of GSBC. Proficio Capital Partners LLC bought a new stake in Great Southern Bancorp in the fourth quarter valued at about $966,000. Charles Schwab Investment Management Inc. increased its holdings in Great Southern Bancorp by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,411 shares of the financial services provider's stock valued at $4,263,000 after buying an additional 363 shares during the last quarter. AlphaQuest LLC bought a new stake in Great Southern Bancorp in the fourth quarter valued at about $256,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Great Southern Bancorp in the fourth quarter valued at about $570,000. Finally, Thrivent Financial for Lutherans increased its holdings in Great Southern Bancorp by 1.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 35,654 shares of the financial services provider's stock valued at $2,128,000 after buying an additional 660 shares during the last quarter. 41.66% of the stock is owned by institutional investors.

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.