Great Southern Bancorp, Inc. (NASDAQ:GSBC) Short Interest Up 27.2% in November

Great Southern Bancorp, Inc. (NASDAQ:GSBC) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 157,400 shares, a growth of 27.2% from the October 31st total of 123,700 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 24,500 shares, the days-to-cover ratio is presently 6.4 days.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price target on shares of Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th.

Great Southern Bancorp Price Performance

GSBC traded up $0.28 on Monday, reaching $64.35. The stock had a trading volume of 34,689 shares, compared to its average volume of 27,218. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $751.61 million, a price-to-earnings ratio of 12.53 and a beta of 0.62. Great Southern Bancorp has a fifty-two week low of $48.19 and a fifty-two week high of $68.01. The firm has a 50-day moving average of $59.32 and a 200-day moving average of $57.27.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.15. The company had revenue of $90.79 million for the quarter, compared to analysts’ expectations of $54.75 million. Great Southern Bancorp had a net margin of 17.21% and a return on equity of 10.36%. During the same quarter in the previous year, the firm posted $1.33 earnings per share. As a group, sell-side analysts anticipate that Great Southern Bancorp will post 5.3 EPS for the current year.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.49%. Great Southern Bancorp’s dividend payout ratio (DPR) is 31.37%.

Insider Transactions at Great Southern Bancorp

In related news, CEO Joseph W. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total transaction of $399,780.00. Following the completion of the sale, the chief executive officer now directly owns 137,382 shares of the company’s stock, valued at approximately $9,153,762.66. This trade represents a 4.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julie A. Brown sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $61.05, for a total value of $152,625.00. Following the completion of the transaction, the director now directly owns 32,896 shares in the company, valued at approximately $2,008,300.80. This represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,174 shares of company stock worth $1,235,009. 27.60% of the stock is owned by company insiders.

Institutional Trading of Great Southern Bancorp

Several institutional investors have recently added to or reduced their stakes in GSBC. BNP Paribas Financial Markets lifted its position in shares of Great Southern Bancorp by 11.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,115 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 215 shares during the period. US Bancorp DE lifted its holdings in Great Southern Bancorp by 2.3% in the third quarter. US Bancorp DE now owns 11,543 shares of the financial services provider’s stock valued at $662,000 after buying an additional 257 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Great Southern Bancorp by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 71,048 shares of the financial services provider’s stock valued at $4,072,000 after buying an additional 280 shares during the period. Thrivent Financial for Lutherans boosted its position in Great Southern Bancorp by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 33,718 shares of the financial services provider’s stock valued at $1,875,000 after acquiring an additional 335 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Great Southern Bancorp by 1.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 62,160 shares of the financial services provider’s stock worth $3,562,000 after acquiring an additional 600 shares during the period. 41.66% of the stock is currently owned by institutional investors.

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.