Great Southern Bancorp (NASDAQ:GSBC) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Great Southern Bancorp shares rose above their 200-day moving average, reaching $80.65 and last trading at $80.23, compared with a 200-day average of $69.48.
• Analyst sentiment is mixed but leans toward Hold: MarketBeat’s consensus rating is Hold with a $74 average price target, below the current share price.
• The company exceeded quarterly expectations, reporting $1.57 in EPS versus the $1.38 estimate and $56.87 million in revenue. It also pays a $0.43 quarterly dividend, equivalent to a 2.1% yield.

Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.48 and traded as high as $80.65. Great Southern Bancorp shares last traded at $80.23, with a volume of 133,447 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research cut Great Southern Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 16th. Keefe, Bruyette & Woods raised their price objective on shares of Great Southern Bancorp from $72.00 to $74.00 and gave the company a "market perform" rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Great Southern Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, July 9th. Finally, Wall Street Zen cut shares of Great Southern Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.00.

Great Southern Bancorp Stock Down 0.5%

The firm has a 50 day moving average price of $77.45 and a 200-day moving average price of $69.48. The firm has a market cap of $873.70 million, a price-to-earnings ratio of 13.33 and a beta of 0.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.19. Great Southern Bancorp had a return on equity of 10.86% and a net margin of 20.72%.The firm had revenue of $56.87 million during the quarter, compared to analyst estimates of $55.26 million. As a group, equities analysts predict that Great Southern Bancorp, Inc. will post 5.99 EPS for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th were given a dividend of $0.43 per share. The ex-dividend date was Monday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 2.1%. Great Southern Bancorp's payout ratio is currently 28.57%.

Hedge Funds Weigh In On Great Southern Bancorp

Several large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Great Southern Bancorp by 1,301.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider's stock worth $47,000 after acquiring an additional 716 shares during the period. Sarver Vrooman Wealth Advisors acquired a new position in shares of Great Southern Bancorp in the 4th quarter valued at $77,000. Royal Bank of Canada lifted its stake in shares of Great Southern Bancorp by 24.8% in the 1st quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 260 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Great Southern Bancorp in the 3rd quarter worth $128,000. Finally, R Squared Ltd bought a new position in shares of Great Southern Bancorp in the 4th quarter worth $203,000. 41.66% of the stock is currently owned by institutional investors and hedge funds.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc NASDAQ: GSBC is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank's core business activities include deposit-taking, lending and treasury management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source