Allspring Global Investments Holdings LLC Sells 2,453 Shares of Great Southern Bancorp, Inc. $GSBC

Allspring Global Investments Holdings LLC cut its position in Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,840 shares of the financial services provider’s stock after selling 2,453 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Great Southern Bancorp were worth $9,631,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Great Southern Bancorp by 9.7% in the first quarter. American Century Companies Inc. now owns 228,461 shares of the financial services provider’s stock valued at $12,650,000 after acquiring an additional 20,248 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Great Southern Bancorp in the 1st quarter valued at $457,000. Nuveen LLC acquired a new position in Great Southern Bancorp in the first quarter worth $1,171,000. Hotchkis & Wiley Capital Management LLC boosted its stake in Great Southern Bancorp by 69.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 106,190 shares of the financial services provider’s stock worth $5,880,000 after purchasing an additional 43,430 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Great Southern Bancorp by 17,650.0% during the first quarter. GAMMA Investing LLC now owns 6,035 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 6,001 shares during the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.

Great Southern Bancorp Stock Performance

Great Southern Bancorp stock opened at $56.08 on Friday. The company has a market cap of $635.39 million, a PE ratio of 9.32 and a beta of 0.55. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. Great Southern Bancorp, Inc. has a 1 year low of $47.57 and a 1 year high of $68.01. The company’s 50-day moving average is $61.62 and its two-hundred day moving average is $58.53.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.01. Great Southern Bancorp had a net margin of 19.80% and a return on equity of 11.38%. The business had revenue of $57.84 million during the quarter, compared to the consensus estimate of $56.72 million. Equities analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current year.

Great Southern Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Monday, September 29th were given a $0.43 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.72 annualized dividend and a dividend yield of 3.1%. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.40. Great Southern Bancorp’s dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

GSBC has been the topic of several research reports. Keefe, Bruyette & Woods reduced their price target on shares of Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating on the stock in a research report on Friday. Wall Street Zen upgraded shares of Great Southern Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Great Southern Bancorp presently has an average rating of “Hold” and an average target price of $59.50.

Great Southern Bancorp Company Profile

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.