Simmons Bank Sells 2,675 Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC)

Simmons Bank lessened its stake in Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,266 shares of the financial services provider’s stock after selling 2,675 shares during the quarter. Simmons Bank owned about 1.30% of Great Southern Bancorp worth $8,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in Great Southern Bancorp by 9.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,293 shares of the financial services provider’s stock valued at $9,208,000 after purchasing an additional 14,327 shares during the last quarter. SG Americas Securities LLC grew its stake in Great Southern Bancorp by 62.3% in the first quarter. SG Americas Securities LLC now owns 7,701 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 2,956 shares during the period. Wedge Capital Management L L P NC grew its stake in Great Southern Bancorp by 19.4% in the first quarter. Wedge Capital Management L L P NC now owns 12,999 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 2,114 shares during the period. GAMMA Investing LLC grew its stake in Great Southern Bancorp by 17,650.0% in the first quarter. GAMMA Investing LLC now owns 6,035 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 6,001 shares during the period. Finally, Versant Capital Management Inc grew its stake in Great Southern Bancorp by 81.6% in the first quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 217 shares during the period. Institutional investors own 41.66% of the company’s stock.

Great Southern Bancorp Stock Up 1.0%

GSBC stock opened at $62.46 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $716.42 million, a P/E ratio of 11.15 and a beta of 0.53. The business has a 50-day moving average of $57.32 and a 200-day moving average of $57.46. Great Southern Bancorp, Inc. has a fifty-two week low of $47.57 and a fifty-two week high of $68.02.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.21. The company had revenue of $55.92 million during the quarter, compared to analysts’ expectations of $55.53 million. Great Southern Bancorp had a return on equity of 10.95% and a net margin of 18.32%. On average, sell-side analysts anticipate that Great Southern Bancorp, Inc. will post 5.24 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 2.56%. Great Southern Bancorp’s dividend payout ratio is currently 28.57%.

Analyst Ratings Changes

A number of research analysts have issued reports on GSBC shares. Keefe, Bruyette & Woods decreased their target price on Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Wall Street Zen raised Great Southern Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Piper Sandler decreased their target price on Great Southern Bancorp from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, April 21st.

Great Southern Bancorp 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.