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

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 83,237 shares were traded 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 Upgrades and Downgrades

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

Great Southern Bancorp Stock Performance

The stock's 50 day moving average is $56.21 and its 200 day moving average is $57.69. The firm has a market cap of $668.01 million, a price-to-earnings ratio of 10.40 and a beta of 0.52. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

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. Great Southern Bancorp had a net margin of 18.32% and a return on equity of 10.95%. The firm had revenue of $55.92 million for the quarter, compared to analyst estimates of $55.53 million. Analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current year.

Great Southern Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 2.75%. Great Southern Bancorp's dividend payout ratio is 28.57%.

Institutional Trading of Great Southern Bancorp

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Great Southern Bancorp by 81.6% during the first quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 217 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Great Southern Bancorp by 146.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 597 shares of the financial services provider's stock worth $36,000 after purchasing an additional 355 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Great Southern Bancorp during the 4th quarter worth $256,000. AlphaQuest LLC bought a new position in Great Southern Bancorp during the 4th quarter worth $256,000. Finally, Squarepoint Ops LLC raised its position in Great Southern Bancorp by 9.8% during the 4th 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 last quarter. Institutional investors and hedge funds 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.