Great Southern Bancorp (NASDAQ:GSBC) Cut to Strong Sell at Zacks Research

Great Southern Bancorp (NASDAQ:GSBC) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Friday, October 17th. Wall Street Zen upgraded shares of Great Southern Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.50.

Great Southern Bancorp Stock Performance

Shares of GSBC opened at $57.29 on Monday. The firm’s 50 day moving average is $61.58 and its 200-day moving average is $58.61. The stock has a market capitalization of $649.10 million, a P/E ratio of 9.52 and a beta of 0.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. Great Southern Bancorp has a 12-month low of $47.57 and a 12-month high of $68.01.

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

Hedge Funds Weigh In On Great Southern Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC raised its position in Great Southern Bancorp by 1.6% during the second quarter. Wedge Capital Management L L P NC now owns 13,208 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 209 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Great Southern Bancorp by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 234 shares during the period. Rhumbline Advisers raised its position in shares of Great Southern Bancorp by 1.9% in the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 253 shares during the period. Bank of America Corp DE raised its position in shares of Great Southern Bancorp by 2.5% in the second quarter. Bank of America Corp DE now owns 13,234 shares of the financial services provider’s stock valued at $778,000 after purchasing an additional 322 shares during the period. Finally, Legato Capital Management LLC raised its position in shares of Great Southern Bancorp by 2.4% in the first quarter. Legato Capital Management LLC now owns 18,191 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 432 shares during the period. Institutional investors own 41.66% of the company’s stock.

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.