Zacks Investment Research Upgrades Great Southern Bancorp (GSBC) to “Strong-Buy”

Great Southern Bancorp (NASDAQ:GSBC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage presently has a $60.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 16.17% from the stock’s current price.

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. “

Several other equities analysts have also issued reports on the stock. Sandler O’Neill lowered shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 6th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 target price on shares of Great Southern Bancorp in a report on Tuesday, October 3rd.

Great Southern Bancorp (NASDAQ GSBC) traded down $0.20 during mid-day trading on Monday, hitting $51.65. 34,400 shares of the stock traded hands, compared to its average volume of 24,380. Great Southern Bancorp has a 1 year low of $47.25 and a 1 year high of $58.45. The stock has a market capitalization of $726.13, a price-to-earnings ratio of 14.35 and a beta of 1.03. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.59.

Great Southern Bancorp (NASDAQ:GSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. Great Southern Bancorp had a net margin of 23.03% and a return on equity of 11.46%. The firm had revenue of $46.94 million during the quarter, compared to analyst estimates of $46.30 million. analysts forecast that Great Southern Bancorp will post 3.58 earnings per share for the current year.

In other news, VP Douglas W. Marrs sold 625 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $55.95, for a total transaction of $34,968.75. Following the completion of the transaction, the vice president now directly owns 2,531 shares in the company, valued at $141,609.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rex A. Copeland sold 5,250 shares of Great Southern Bancorp stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $55.00, for a total transaction of $288,750.00. Following the transaction, the insider now owns 24,698 shares of the company’s stock, valued at $1,358,390. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock valued at $357,894 over the last quarter. Company insiders own 23.78% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in Great Southern Bancorp by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 48,593 shares of the financial services provider’s stock worth $2,600,000 after acquiring an additional 375 shares during the last quarter. Voya Investment Management LLC raised its holdings in Great Southern Bancorp by 9.0% in the 2nd quarter. Voya Investment Management LLC now owns 7,844 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 647 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Great Southern Bancorp by 7.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,175 shares of the financial services provider’s stock worth $812,000 after acquiring an additional 1,038 shares during the last quarter. Summit Global Investments raised its holdings in Great Southern Bancorp by 13.6% in the 2nd quarter. Summit Global Investments now owns 9,200 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Great Southern Bancorp by 15.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 8,478 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 1,111 shares during the last quarter. Institutional investors own 40.90% of the company’s stock.

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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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