Great Southern Bancorp (GSBC) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a buy rating in a report released on Thursday morning. The firm currently has $57.00 price target on the financial services provider’s stock.

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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GSBC has been the subject of several other reports. Sandler O’Neill reiterated a hold rating and issued a $54.00 target price on shares of Great Southern Bancorp in a research note on Tuesday, March 27th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $56.00 target price on shares of Great Southern Bancorp in a research note on Friday, December 22nd. Finally, BidaskClub upgraded shares of Great Southern Bancorp from a sell rating to a hold rating in a research note on Monday, February 5th.

Great Southern Bancorp stock opened at $49.95 on Thursday. Great Southern Bancorp has a one year low of $47.25 and a one year high of $58.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.08 and a quick ratio of 1.07. The stock has a market cap of $704.64, a PE ratio of 13.57 and a beta of 1.03.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.07. Great Southern Bancorp had a net margin of 23.27% and a return on equity of 11.38%. The company had revenue of $46.65 million during the quarter, compared to the consensus estimate of $47.40 million. sell-side analysts expect that Great Southern Bancorp will post 3.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a $0.28 dividend. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, March 29th. Great Southern Bancorp’s dividend payout ratio (DPR) is 26.09%.

In other news, Director Douglas M. Pitt bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $51.58 per share, for a total transaction of $103,160.00. Following the purchase, the director now owns 3,100 shares of the company’s stock, valued at approximately $159,898. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John M. Bugh sold 3,683 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $48.97, for a total transaction of $180,356.51. Following the completion of the transaction, the vice president now directly owns 5,473 shares in the company, valued at $268,012.81. The disclosure for this sale can be found here. Company insiders own 23.78% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in GSBC. SG Americas Securities LLC bought a new position in Great Southern Bancorp in the 3rd quarter valued at about $104,000. Ameriprise Financial Inc. raised its holdings in Great Southern Bancorp by 11.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 39,977 shares of the financial services provider’s stock valued at $2,225,000 after acquiring an additional 4,080 shares during the period. Wells Fargo & Company MN raised its holdings in Great Southern Bancorp by 5.9% in the 3rd quarter. Wells Fargo & Company MN now owns 66,450 shares of the financial services provider’s stock valued at $3,698,000 after acquiring an additional 3,700 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Great Southern Bancorp by 4.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 50,977 shares of the financial services provider’s stock valued at $2,837,000 after acquiring an additional 2,384 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Great Southern Bancorp by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 644,928 shares of the financial services provider’s stock valued at $35,890,000 after acquiring an additional 20,265 shares during the period. 40.83% of the stock is currently owned by hedge funds and other institutional investors.

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About Great Southern Bancorp

Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.

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