Great Southern Bancorp (NASDAQ:GSBC) Shares Pass Above 200 Day Moving Average of $53.27

Great Southern Bancorp, Inc. (NASDAQ:GSBC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.27 and traded as high as $54.24. Great Southern Bancorp shares last traded at $53.86, with a volume of 24,606 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on GSBC shares. Keefe, Bruyette & Woods cut their price target on shares of Great Southern Bancorp from $59.00 to $58.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Piper Sandler reduced their target price on Great Southern Bancorp from $58.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th.

Great Southern Bancorp Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $628.01 million, a price-to-earnings ratio of 10.58 and a beta of 0.65. The stock’s 50-day moving average is $52.19 and its 200-day moving average is $53.27.

Great Southern Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Tuesday, April 2nd were issued a $0.40 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.97%. Great Southern Bancorp’s payout ratio is presently 31.43%.

Insider Buying and Selling

In other Great Southern Bancorp news, VP Kevin L. Baker sold 625 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $53.60, for a total value of $33,500.00. Following the completion of the transaction, the vice president now directly owns 13 shares in the company, valued at approximately $696.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 27.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Great Southern Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in GSBC. Bank of New York Mellon Corp boosted its position in shares of Great Southern Bancorp by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 59,286 shares of the financial services provider’s stock valued at $2,841,000 after purchasing an additional 252 shares in the last quarter. Commerce Bank raised its position in shares of Great Southern Bancorp by 5.1% during the fourth quarter. Commerce Bank now owns 8,230 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 400 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Great Southern Bancorp by 19.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 8,726 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 1,401 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Great Southern Bancorp by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 106,594 shares of the financial services provider’s stock valued at $5,108,000 after purchasing an additional 1,430 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Great Southern Bancorp by 22.4% during the first quarter. Janney Montgomery Scott LLC now owns 10,349 shares of the financial services provider’s stock worth $567,000 after buying an additional 1,897 shares during the last quarter. 41.66% of the stock is owned by institutional investors and hedge funds.

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.