Martingale Asset Management L P grew its position in Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,424 shares of the financial services provider’s stock after acquiring an additional 800 shares during the period. Martingale Asset Management L P owned about 0.49% of Great Southern Bancorp worth $3,843,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Quadrant L P CA bought a new position in shares of Great Southern Bancorp in the 3rd quarter valued at about $106,000. FMR LLC bought a new stake in shares of Great Southern Bancorp during the 3rd quarter worth about $108,000. SG Americas Securities LLC bought a new stake in shares of Great Southern Bancorp during the 2nd quarter worth about $126,000. Panagora Asset Management Inc. boosted its holdings in shares of Great Southern Bancorp by 50.6% during the 3rd quarter. Panagora Asset Management Inc. now owns 2,865 shares of the financial services provider’s stock worth $159,000 after buying an additional 963 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Great Southern Bancorp by 55.5% during the 3rd quarter. Acadian Asset Management LLC now owns 3,034 shares of the financial services provider’s stock worth $168,000 after buying an additional 1,083 shares during the period. 43.25% of the stock is owned by institutional investors.
In other Great Southern Bancorp news, insider Douglas W. Marrs sold 1,296 shares of Great Southern Bancorp stock in a transaction dated Wednesday, November 21st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Douglas W. Marrs sold 2,500 shares of Great Southern Bancorp stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $54.04, for a total transaction of $135,100.00. Following the completion of the sale, the vice president now owns 1,625 shares of the company’s stock, valued at approximately $87,815. The disclosure for this sale can be found here. 23.00% of the stock is owned by insiders.
Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.57 earnings per share for the quarter, topping the 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 business had revenue of $57.59 million during the quarter, compared to analysts’ expectations of $49.00 million. As a group, equities research analysts expect that Great Southern Bancorp, Inc. will post 4.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, December 28th. Great Southern Bancorp’s dividend payout ratio (DPR) is 34.78%.
Several brokerages recently commented on GSBC. BidaskClub downgraded shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Zacks Investment Research downgraded shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. Finally, ValuEngine raised shares of Great Southern Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.33.
TRADEMARK VIOLATION WARNING: “Martingale Asset Management L P Has $3.84 Million Stake in Great Southern Bancorp, Inc. (GSBC)” was reported by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://dakotafinancialnews.com/2019/01/12/martingale-asset-management-l-p-has-3-84-million-stake-in-great-southern-bancorp-inc-gsbc.html.
Great Southern Bancorp 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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