Great Southern Bancorp (GSBC) Downgraded by BidaskClub

Great Southern Bancorp (NASDAQ:GSBC) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Great Southern Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded shares of Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.33.

Shares of NASDAQ:GSBC opened at $51.20 on Friday. Great Southern Bancorp has a twelve month low of $48.10 and a twelve month high of $61.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $723.49 million, a P/E ratio of 13.91 and a beta of 0.87.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.51. Great Southern Bancorp had a net margin of 26.65% and a return on equity of 12.81%. The company had revenue of $57.59 million for the quarter, compared to the consensus estimate of $49.00 million. On average, analysts forecast that Great Southern Bancorp will post 4.58 earnings per share for the current year.

In other Great Southern Bancorp news, VP Douglas W. Marrs sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $54.04, for a total value of $135,100.00. Following the sale, the vice president now owns 1,625 shares in the company, valued at approximately $87,815. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Douglas W. Marrs sold 1,296 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $54.47, for a total value of $70,593.12. Following the completion of the sale, the insider now owns 1,625 shares in the company, valued at approximately $88,513.75. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in Great Southern Bancorp in the 3rd quarter worth approximately $492,000. Vanguard Group Inc. boosted its position in Great Southern Bancorp by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 514,457 shares of the financial services provider’s stock worth $28,476,000 after purchasing an additional 4,615 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Great Southern Bancorp by 32.1% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 10,700 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 2,600 shares in the last quarter. AQR Capital Management LLC boosted its position in Great Southern Bancorp by 3.2% in the 3rd quarter. AQR Capital Management LLC now owns 126,451 shares of the financial services provider’s stock worth $6,999,000 after purchasing an additional 3,943 shares in the last quarter. Finally, IndexIQ Advisors LLC boosted its position in Great Southern Bancorp by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 45,510 shares of the financial services provider’s stock worth $2,519,000 after purchasing an additional 1,720 shares in the last quarter. Institutional investors and hedge funds own 43.25% 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 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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