Allianz Asset Management AG decreased its stake in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,367 shares of the financial services provider’s stock after selling 1,226 shares during the period. Allianz Asset Management AG owned 0.05% of Great Southern Bancorp worth $403,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in Great Southern Bancorp during the fourth quarter valued at about $203,000. Commerce Bank boosted its stake in Great Southern Bancorp by 12.8% in the third quarter. Commerce Bank now owns 8,830 shares of the financial services provider’s stock valued at $359,000 after buying an additional 1,000 shares during the period. Russell Investments Group Ltd. purchased a new stake in Great Southern Bancorp during the fourth quarter valued at $850,000. Context BH Capital Management LP boosted its stake in Great Southern Bancorp by 49.0% in the third quarter. Context BH Capital Management LP now owns 22,774 shares of the financial services provider’s stock worth $927,000 after buying an additional 7,489 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Great Southern Bancorp by 80.0% in the fourth quarter. Bessemer Group Inc. now owns 17,100 shares of the financial services provider’s stock worth $935,000 after buying an additional 7,600 shares during the last quarter. 36.42% of the stock is owned by hedge funds and other institutional investors.
Great Southern Bancorp, Inc. (NASDAQ:GSBC) traded down 0.10% on Friday, hitting $50.30. 24,393 shares of the company were exchanged. The company has a 50 day moving average price of $49.79 and a 200-day moving average price of $49.13. Great Southern Bancorp, Inc. has a 52 week low of $34.48 and a 52 week high of $56.70. The stock has a market capitalization of $704.50 million, a P/E ratio of 15.67 and a beta of 1.10.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Tuesday, March 28th were given a $0.22 dividend. The ex-dividend date was Friday, March 24th. This represents a $0.88 annualized dividend and a yield of 1.75%. Great Southern Bancorp’s dividend payout ratio is presently 27.33%.
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GSBC has been the subject of a number of research reports. Zacks Investment Research cut shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Great Southern Bancorp in a research report on Thursday.
In other news, CEO Joseph W. Turner sold 7,817 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $52.37, for a total transaction of $409,376.29. Following the completion of the transaction, the chief executive officer now directly owns 144,532 shares of the company’s stock, valued at approximately $7,569,140.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Julie A. Brown sold 1,011 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $49.63, for a total value of $50,175.93. Following the transaction, the director now directly owns 33,907 shares of the company’s stock, valued at $1,682,804.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,846 shares of company stock worth $871,195. Insiders own 24.15% of the company’s stock.
About Great Southern Bancorp
Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.
