Great Southern Bancorp (GSBC) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Great Southern Bancorp (NASDAQ:GSBC) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “Great Southern Bancorp, Inc. is a financial holding company which owned directly all of the stock of Great Southern Bank and other non-banking subsidiaries. “

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Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Great Southern Bancorp from a hold rating to a buy rating in a research report on Friday, April 6th. ValuEngine upgraded shares of Great Southern Bancorp from a hold rating to a buy rating in a research report on Thursday, May 17th. Finally, Sandler O’Neill reiterated a hold rating on shares of Great Southern Bancorp in a research report on Friday, April 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $58.33.

Great Southern Bancorp opened at $57.65 on Tuesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $809.08 million, a PE ratio of 15.08 and a beta of 0.98. Great Southern Bancorp has a fifty-two week low of $47.50 and a fifty-two week high of $58.45.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.06. The firm had revenue of $46.37 million for the quarter, compared to analysts’ expectations of $46.30 million. Great Southern Bancorp had a net margin of 24.07% and a return on equity of 11.55%. equities analysts forecast that Great Southern Bancorp will post 3.82 earnings per share for the current year.

In related news, Director William E. Barclay sold 780 shares of Great Southern Bancorp stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $50.82, for a total value of $39,639.60. Following the transaction, the director now owns 10,248 shares in the company, valued at approximately $520,803.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas W. Marrs sold 906 shares of Great Southern Bancorp stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $58.23, for a total transaction of $52,756.38. Following the completion of the transaction, the insider now owns 1,000 shares in the company, valued at approximately $58,230. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,260 shares of company stock worth $495,523. 23.00% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of GSBC. Millennium Management LLC purchased a new position in Great Southern Bancorp in the 4th quarter worth $4,074,000. Dimensional Fund Advisors LP increased its position in shares of Great Southern Bancorp by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 716,516 shares of the financial services provider’s stock valued at $35,790,000 after acquiring an additional 44,326 shares during the period. BlackRock Inc. increased its position in shares of Great Southern Bancorp by 2.7% in the first quarter. BlackRock Inc. now owns 794,095 shares of the financial services provider’s stock valued at $39,664,000 after acquiring an additional 21,000 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in shares of Great Southern Bancorp in the fourth quarter valued at about $679,000. Finally, Deutsche Bank AG increased its position in shares of Great Southern Bancorp by 53.2% in the fourth quarter. Deutsche Bank AG now owns 36,622 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 12,723 shares during the period. Institutional investors own 41.53% of the company’s stock.

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 deposits, brokered certificates, and individual retirement accounts.

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