Wedge Capital Management L L P NC Increases Stock Position in Great Southern Bancorp, Inc. (NASDAQ:GSBC)

Wedge Capital Management L L P NC grew its stake in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,726 shares of the financial services provider’s stock after acquiring an additional 1,401 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Great Southern Bancorp were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GSBC. American Century Companies Inc. boosted its holdings in shares of Great Southern Bancorp by 9.6% during the 3rd quarter. American Century Companies Inc. now owns 110,872 shares of the financial services provider’s stock valued at $5,313,000 after acquiring an additional 9,683 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Great Southern Bancorp during the 3rd quarter valued at about $218,000. Vanguard Group Inc. boosted its holdings in shares of Great Southern Bancorp by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 522,676 shares of the financial services provider’s stock valued at $25,047,000 after acquiring an additional 3,758 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Great Southern Bancorp by 1.4% during 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 acquiring an additional 1,430 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.

Insiders Place Their Bets

In other Great Southern Bancorp news, VP Kevin L. Baker sold 625 shares of the firm’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 transaction of $33,500.00. Following the sale, the vice president now owns 13 shares in the company, valued at approximately $696.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on GSBC. Piper Sandler dropped their price objective on shares of Great Southern Bancorp from $58.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Great Southern Bancorp from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th.

Great Southern Bancorp Stock Performance

GSBC opened at $52.71 on Friday. 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 company has a market cap of $618.29 million, a price-to-earnings ratio of 10.36 and a beta of 0.66. The company’s 50 day moving average is $51.93 and its 200 day moving average is $52.98. Great Southern Bancorp, Inc. has a 12-month low of $45.38 and a 12-month high of $61.94.

Great Southern Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Tuesday, April 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Monday, April 1st. Great Southern Bancorp’s payout ratio is 31.43%.

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.