Great Southern Bancorp (NASDAQ:GSBC) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Great Southern Bancorp's stock price has recently gone above its 200-day moving average of $57.31, trading at $57.29 with a volume of 32,933 shares.
• The company reported a quarterly earnings per share (EPS) of $1.72, exceeding the consensus estimate by $0.35, with a net margin of 19.18% in the latest quarter.
• A quarterly dividend of $0.40 was paid, translating to an annualized yield of 2.8%, indicating a payout ratio of 27.26%.

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $57.31 and traded as high as $57.40. Great Southern Bancorp shares last traded at $57.29, with a volume of 32,933 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GSBC. Wall Street Zen raised shares of Great Southern Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Piper Sandler lowered 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th.

Great Southern Bancorp Stock Performance

The firm's 50-day moving average price is $58.79 and its two-hundred day moving average price is $57.35. The firm has a market capitalization of $670.40 million, a PE ratio of 10.08 and a beta of 0.58. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last released its earnings results on Wednesday, July 16th. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.35. The business had revenue of $59.18 million for 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, research analysts predict that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. Great Southern Bancorp's payout ratio is presently 27.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Great Southern Bancorp by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 200 shares in the last quarter. Wedge Capital Management L L P NC lifted 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 acquiring an additional 209 shares during the last quarter. Versant Capital Management Inc lifted 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 acquiring an additional 217 shares during the last quarter. Rhumbline Advisers lifted 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 acquiring an additional 253 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Great Southern Bancorp by 2.5% in the second quarter. Bank of America Corp DE now owns 13,234 shares of the financial services provider's stock valued at $778,000 after acquiring an additional 322 shares during the last quarter. 41.66% of the stock is owned by hedge funds and other 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.