Piper Sandler Lowers Great Southern Bancorp (NASDAQ:GSBC) Price Target to $64.00

Great Southern Bancorp (NASDAQ:GSBC) had its price target reduced by analysts at Piper Sandler from $67.00 to $64.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 8.70% from the company’s current price.

Great Southern Bancorp Price Performance

Shares of NASDAQ GSBC traded down $0.14 during midday trading on Thursday, hitting $58.88. 12,088 shares of the company’s stock were exchanged, compared to its average volume of 30,361. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $61.92 and its two-hundred day moving average price is $59.61. The company has a market cap of $687.66 million, a price-to-earnings ratio of 11.19 and a beta of 0.65. Great Southern Bancorp has a 12-month low of $48.19 and a 12-month high of $68.01.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.05). Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.40%. As a group, research analysts forecast that Great Southern Bancorp will post 5.18 EPS for the current fiscal year.

Insider Transactions at Great Southern Bancorp

In related news, VP Mark A. Maples sold 2,600 shares of Great Southern Bancorp stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $63.42, for a total value of $164,892.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William V. Turner sold 6,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $63.06, for a total transaction of $378,360.00. Following the completion of the transaction, the director now owns 210,112 shares of the company’s stock, valued at $13,249,662.72. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,174 shares of company stock worth $1,235,009. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance lifted its stake in shares of Great Southern Bancorp by 219.1% in the 3rd quarter. Independent Advisor Alliance now owns 24,862 shares of the financial services provider’s stock valued at $1,425,000 after purchasing an additional 17,070 shares during the period. FMR LLC grew its position in shares of Great Southern Bancorp by 30.8% in the 3rd quarter. FMR LLC now owns 58,613 shares of the financial services provider’s stock worth $3,359,000 after buying an additional 13,799 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Great Southern Bancorp by 98.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,779 shares of the financial services provider’s stock worth $1,076,000 after acquiring an additional 9,325 shares in the last quarter. Barclays PLC lifted its position in Great Southern Bancorp by 136.6% during the 3rd quarter. Barclays PLC now owns 15,508 shares of the financial services provider’s stock valued at $889,000 after acquiring an additional 8,954 shares during the period. Finally, Creative Planning boosted its stake in Great Southern Bancorp by 33.4% during the third quarter. Creative Planning now owns 20,288 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 5,079 shares in the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.

About Great Southern Bancorp

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides 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.