Great Southern Bancorp (NASDAQ:GSBC) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Great Southern Bancorp (NASDAQ:GSBC) from a hold rating to a sell rating in a report released on Wednesday, BidAskClub reports.

Several other equities research analysts have also weighed in on GSBC. Zacks Investment Research lowered Great Southern Bancorp from a buy rating to a hold rating in a research note on Tuesday, September 24th. ValuEngine lowered Great Southern Bancorp from a hold rating to a sell rating in a research report on Thursday, August 1st.

Shares of GSBC stock traded up $0.08 during trading hours on Wednesday, hitting $60.23. The company had a trading volume of 29,200 shares, compared to its average volume of 29,812. Great Southern Bancorp has a 12 month low of $43.30 and a 12 month high of $62.27. The firm has a market capitalization of $864.06 million, a price-to-earnings ratio of 12.79 and a beta of 1.03. The firm’s fifty day moving average is $59.24 and its 200 day moving average is $58.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.03.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.15. Great Southern Bancorp had a return on equity of 13.01% and a net margin of 27.77%. The company had revenue of $54.58 million for the quarter, compared to analyst estimates of $52.20 million. On average, sell-side analysts expect that Great Southern Bancorp will post 5.11 EPS for the current fiscal year.

In other Great Southern Bancorp news, insider Douglas W. Marrs sold 1,250 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $61.45, for a total transaction of $76,812.50. Following the transaction, the insider now owns 1,625 shares of the company’s stock, valued at approximately $99,856.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Linton J. Thomason sold 5,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $60.39, for a total value of $301,950.00. Following the transaction, the vice president now directly owns 6,180 shares in the company, valued at approximately $373,210.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,950 shares of company stock worth $728,443. 23.23% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Great Southern Bancorp by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 539,285 shares of the financial services provider’s stock worth $32,275,000 after buying an additional 3,377 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Great Southern Bancorp by 1.8% during the 2nd quarter. Renaissance Technologies LLC now owns 283,400 shares of the financial services provider’s stock worth $16,961,000 after buying an additional 5,000 shares in the last quarter. Northern Trust Corp lifted its holdings in Great Southern Bancorp by 2.1% during the 2nd quarter. Northern Trust Corp now owns 194,684 shares of the financial services provider’s stock worth $11,652,000 after buying an additional 3,986 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Great Southern Bancorp by 46.9% during the 2nd quarter. Wells Fargo & Company MN now owns 171,422 shares of the financial services provider’s stock worth $10,260,000 after buying an additional 54,702 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Great Southern Bancorp by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 107,711 shares of the financial services provider’s stock worth $6,447,000 after buying an additional 707 shares in the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

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 deposit, brokered certificates, and individual retirement accounts.

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