Great Southern Bancorp, Inc. (GSBC) Downgraded by Sandler O’Neill

Sandler O’Neill downgraded shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) from a buy rating to a hold rating in a research report sent to investors on Friday, Marketbeat.com reports. The analysts noted that the move was a valuation call.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Great Southern Bancorp from a strong-buy rating to a hold rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a hold rating and set a $53.00 price target on shares of Great Southern Bancorp in a research report on Friday, July 21st. Finally, BidaskClub lowered Great Southern Bancorp from a hold rating to a sell rating in a research report on Friday, July 28th.

Shares of Great Southern Bancorp (NASDAQ GSBC) opened at 56.65 on Friday. The company has a market capitalization of $795.14 million, a price-to-earnings ratio of 15.87 and a beta of 1.12. The firm’s 50-day moving average price is $51.47 and its 200-day moving average price is $51.18. Great Southern Bancorp has a 12 month low of $38.35 and a 12 month high of $57.00.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.77 by $0.37. Great Southern Bancorp had a return on equity of 11.62% and a net margin of 22.84%. The business had revenue of $53.70 million during the quarter, compared to analyst estimates of $49.78 million. Equities research analysts expect that Great Southern Bancorp will post $3.61 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Great Southern Bancorp, Inc. (GSBC) Downgraded by Sandler O’Neill” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/great-southern-bancorp-inc-gsbc-downgraded-by-sandler-oneill.html.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.69%. Great Southern Bancorp’s dividend payout ratio is currently 26.82%.

In other news, Director William V. Turner sold 5,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $52.73, for a total transaction of $263,650.00. Following the completion of the transaction, the director now directly owns 173,853 shares in the company, valued at $9,167,268.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William V. Turner sold 10,800 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $52.76, for a total value of $569,808.00. Following the transaction, the director now owns 173,853 shares of the company’s stock, valued at $9,172,484.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,851 shares of company stock valued at $836,004. Company insiders own 23.78% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Great Southern Bancorp by 4.9% in the first quarter. Bank of America Corp DE now owns 3,254 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 152 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Great Southern Bancorp by 0.5% in the first quarter. TIAA CREF Investment Management LLC now owns 44,822 shares of the financial services provider’s stock valued at $2,264,000 after acquiring an additional 205 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Great Southern Bancorp by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 16,835 shares of the financial services provider’s stock valued at $851,000 after acquiring an additional 241 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in shares of Great Southern Bancorp by 0.4% in the second quarter. Rothschild Asset Management Inc. now owns 66,466 shares of the financial services provider’s stock valued at $3,556,000 after acquiring an additional 268 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Great Southern Bancorp by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,593 shares of the financial services provider’s stock valued at $2,600,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 40.21% of the company’s stock.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Great Southern Bancorp from a strong-buy rating to a hold rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a hold rating and set a $53.00 price target on shares of Great Southern Bancorp in a research report on Friday, July 21st. Finally, BidaskClub lowered Great Southern Bancorp from a hold rating to a sell rating in a research report on Friday, July 28th.

Shares of Great Southern Bancorp (NASDAQ GSBC) opened at 56.65 on Friday. The company has a market capitalization of $795.14 million, a price-to-earnings ratio of 15.87 and a beta of 1.12. The firm’s 50-day moving average price is $51.47 and its 200-day moving average price is $51.18. Great Southern Bancorp has a 12 month low of $38.35 and a 12 month high of $57.00.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.77 by $0.37. Great Southern Bancorp had a return on equity of 11.62% and a net margin of 22.84%. The business had revenue of $53.70 million during the quarter, compared to analyst estimates of $49.78 million. Equities research analysts expect that Great Southern Bancorp will post $3.61 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Great Southern Bancorp, Inc. (GSBC) Downgraded by Sandler O’Neill” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/great-southern-bancorp-inc-gsbc-downgraded-by-sandler-oneill.html.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.69%. Great Southern Bancorp’s dividend payout ratio is currently 26.82%.

In other news, Director William V. Turner sold 5,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $52.73, for a total transaction of $263,650.00. Following the completion of the transaction, the director now directly owns 173,853 shares in the company, valued at $9,167,268.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William V. Turner sold 10,800 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $52.76, for a total value of $569,808.00. Following the transaction, the director now owns 173,853 shares of the company’s stock, valued at $9,172,484.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,851 shares of company stock valued at $836,004. Company insiders own 23.78% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Great Southern Bancorp by 4.9% in the first quarter. Bank of America Corp DE now owns 3,254 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 152 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Great Southern Bancorp by 0.5% in the first quarter. TIAA CREF Investment Management LLC now owns 44,822 shares of the financial services provider’s stock valued at $2,264,000 after acquiring an additional 205 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Great Southern Bancorp by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 16,835 shares of the financial services provider’s stock valued at $851,000 after acquiring an additional 241 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in shares of Great Southern Bancorp by 0.4% in the second quarter. Rothschild Asset Management Inc. now owns 66,466 shares of the financial services provider’s stock valued at $3,556,000 after acquiring an additional 268 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Great Southern Bancorp by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,593 shares of the financial services provider’s stock valued at $2,600,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 40.21% of the company’s stock.

Great Southern Bancorp Company Profile

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.

Receive News & Ratings for Great Southern Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Southern Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply