Great Southern Bancorp (NASDAQ:GSBC) Downgraded by ValuEngine to “Sell”

ValuEngine cut shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

A number of other research analysts have also commented on the company. Zacks Investment Research raised Great Southern Bancorp from a hold rating to a buy rating and set a $63.00 price objective on the stock in a report on Wednesday, April 24th. BidaskClub lowered Great Southern Bancorp from a buy rating to a hold rating in a report on Tuesday, June 11th.

Shares of NASDAQ GSBC traded down $0.50 during mid-day trading on Thursday, reaching $57.70. 17,583 shares of the company traded hands, compared to its average volume of 23,341. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.18. The stock has a market cap of $851.22 million, a PE ratio of 12.25 and a beta of 1.05. The company’s fifty day moving average is $59.19. Great Southern Bancorp has a fifty-two week low of $43.30 and a fifty-two week high of $61.35.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.15. The business had revenue of $52.08 million for the quarter, compared to analyst estimates of $51.50 million. Great Southern Bancorp had a return on equity of 14.36% and a net margin of 28.97%. As a group, sell-side analysts predict that Great Southern Bancorp will post 4.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, June 28th. Great Southern Bancorp’s dividend payout ratio is 27.18%.

In other Great Southern Bancorp news, VP Kevin L. Baker sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $59.50, for a total value of $148,750.00. Following the sale, the vice president now owns 636 shares of the company’s stock, valued at approximately $37,842. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John M. Bugh sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $56.71, for a total value of $56,710.00. Following the completion of the sale, the vice president now directly owns 2,790 shares in the company, valued at approximately $158,220.90. The disclosure for this sale can be found here. Corporate insiders own 23.23% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Great Southern Bancorp by 1.2% in the 4th quarter. BlackRock Inc. now owns 896,862 shares of the financial services provider’s stock valued at $41,282,000 after buying an additional 10,285 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Great Southern Bancorp by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 811,666 shares of the financial services provider’s stock valued at $37,361,000 after buying an additional 6,007 shares during the last quarter. LSV Asset Management grew its holdings in Great Southern Bancorp by 2.7% in the 1st quarter. LSV Asset Management now owns 195,610 shares of the financial services provider’s stock valued at $10,152,000 after buying an additional 5,183 shares during the last quarter. Geode Capital Management LLC grew its holdings in Great Southern Bancorp by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 179,457 shares of the financial services provider’s stock valued at $8,260,000 after buying an additional 6,358 shares during the last quarter. Finally, Martingale Asset Management L P grew its holdings in Great Southern Bancorp by 14.0% in the 1st quarter. Martingale Asset Management L P now owns 89,725 shares of the financial services provider’s stock valued at $4,658,000 after buying an additional 11,001 shares during the last quarter. 44.72% of the stock is currently 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 offers 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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