Los Angeles Capital Management LLC Sells 1,800 Shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC)

Los Angeles Capital Management LLC reduced its holdings in shares of Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,655 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Great Southern Bancorp were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GSBC. Vanguard Group Inc. lifted its stake in Great Southern Bancorp by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 564,032 shares of the financial services provider’s stock valued at $30,920,000 after acquiring an additional 58,041 shares during the period. Commerce Bank boosted its holdings in Great Southern Bancorp by 5.1% in the fourth quarter. Commerce Bank now owns 8,230 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 400 shares during the last quarter. Comerica Bank purchased a new stake in Great Southern Bancorp in the first quarter worth approximately $173,000. SG Americas Securities LLC bought a new stake in Great Southern Bancorp in the 2nd quarter worth approximately $159,000. Finally, EntryPoint Capital LLC raised its stake in Great Southern Bancorp by 130.5% during the 1st quarter. EntryPoint Capital LLC now owns 959 shares of the financial services provider’s stock valued at $53,000 after buying an additional 543 shares during the last quarter. 41.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price target on Great Southern Bancorp from $53.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th.

Insider Transactions at Great Southern Bancorp

In related news, Director William V. Turner sold 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total value of $379,140.00. Following the completion of the sale, the director now directly owns 214,532 shares of the company’s stock, valued at approximately $13,556,277.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Great Southern Bancorp news, Director Earl A. Steinert, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $63.21, for a total transaction of $316,050.00. Following the sale, the director now directly owns 939,596 shares of the company’s stock, valued at $59,391,863.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William V. Turner sold 6,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $63.19, for a total value of $379,140.00. Following the completion of the transaction, the director now directly owns 214,532 shares of the company’s stock, valued at approximately $13,556,277.08. The disclosure for this sale can be found here. Insiders have sold 15,670 shares of company stock valued at $958,706 over the last quarter. 27.60% of the stock is currently owned by company insiders.

Great Southern Bancorp Stock Performance

GSBC opened at $55.99 on Friday. Great Southern Bancorp, Inc. has a 12-month low of $45.66 and a 12-month high of $65.90. The company has a market cap of $652.73 million, a price-to-earnings ratio of 11.00 and a beta of 0.62. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $58.37 and its 200 day moving average is $54.47.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.25. Great Southern Bancorp had a net margin of 17.42% and a return on equity of 10.62%. The business had revenue of $90.76 million for the quarter, compared to analysts’ expectations of $53.75 million. During the same quarter last year, the company posted $1.52 EPS. On average, equities research analysts predict that Great Southern Bancorp, Inc. will post 5.09 EPS for the current year.

Great Southern Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, July 1st. Great Southern Bancorp’s payout ratio is 31.43%.

About Great Southern Bancorp

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.