Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Great Southern Bancorp (NASDAQ:GSBC) Stock

Great Southern Bancorp (NASDAQ:GSBC) had its price objective raised by research analysts at Keefe, Bruyette & Woods from $61.00 to $63.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 0.01% from the stock’s current price.

A number of other research firms have also recently issued reports on GSBC. Wall Street Zen upgraded shares of Great Southern Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Piper Sandler lowered their price target on shares of Great Southern Bancorp from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, April 21st.

Great Southern Bancorp Trading Up 6.5%

Shares of NASDAQ:GSBC opened at $63.01 on Friday. The stock has a market capitalization of $722.70 million, a PE ratio of 10.73 and a beta of 0.53. Great Southern Bancorp has a 1 year low of $47.57 and a 1 year high of $68.02. The firm has a fifty day moving average price of $58.23 and a 200 day moving average price of $57.47. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.35. The business had revenue of $59.18 million during the quarter, compared to analyst estimates of $55.61 million. Great Southern Bancorp had a net margin of 19.18% and a return on equity of 11.24%. Analysts expect that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Great Southern Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in Great Southern Bancorp by 81.6% in the 1st quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider’s stock valued at $27,000 after buying an additional 217 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Great Southern Bancorp by 146.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 597 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 355 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Great Southern Bancorp during the 4th quarter worth about $256,000. Squarepoint Ops LLC boosted its holdings in shares of Great Southern Bancorp by 9.8% during the 4th quarter. Squarepoint Ops LLC now owns 4,620 shares of the financial services provider’s stock worth $276,000 after buying an additional 411 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Great Southern Bancorp by 24.6% during the 1st quarter. Rafferty Asset Management LLC now owns 4,987 shares of the financial services provider’s stock worth $276,000 after buying an additional 984 shares during the period. 41.66% of the stock is currently owned by institutional investors and hedge funds.

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.