Great Southern Bancorp (NASDAQ:GSBC) Stock Rating Lowered by Zacks Research

Key Points

• Great Southern Bancorp has been downgraded from a "hold" rating to a "strong sell" rating by Zacks Research, signaling diminished confidence in the stock's performance.
• The stock's price target has been adjusted from $63.00 to $61.00 by Keefe, Bruyette & Woods, indicating concerns over its future market performance.
• Despite the downgrade, Great Southern Bancorp reported earnings per share of $1.56 for the recent quarter, slightly above analyst expectations of $1.55.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Monday,Zacks.com reports.

GSBC has been the topic of a number of other reports. 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of Great Southern Bancorp in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their price objective 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 Friday, October 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Great Southern Bancorp has a consensus rating of "Hold" and an average price target of $59.50.

Great Southern Bancorp Price Performance

Great Southern Bancorp stock opened at $57.29 on Monday. Great Southern Bancorp has a 52-week low of $47.57 and a 52-week high of $68.01. The firm has a fifty day moving average of $61.58 and a 200-day moving average of $58.61. The firm has a market capitalization of $649.10 million, a P/E ratio of 9.52 and a beta of 0.55. 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 quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.01. The company had revenue of $57.84 million during the quarter, compared to analyst estimates of $56.72 million. Great Southern Bancorp had a net margin of 19.80% and a return on equity of 11.38%. As a group, analysts predict that Great Southern Bancorp will post 5.24 EPS for the current year.

Hedge Funds Weigh In On Great Southern Bancorp

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in Great Southern Bancorp by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 166,293 shares of the financial services provider's stock valued at $9,208,000 after buying an additional 14,327 shares during the period. American Century Companies Inc. increased its stake in Great Southern Bancorp by 9.7% during the 1st quarter. American Century Companies Inc. now owns 228,461 shares of the financial services provider's stock valued at $12,650,000 after buying an additional 20,248 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Great Southern Bancorp during the 1st quarter valued at about $457,000. Nuveen LLC acquired a new position in Great Southern Bancorp during the 1st quarter valued at about $1,171,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Great Southern Bancorp by 69.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 106,190 shares of the financial services provider's stock valued at $5,880,000 after buying an additional 43,430 shares during the period. 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.

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