BlackRock Amends Great Southern Bancorp Stake to 8.3%
Ticker: GSBC · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 854560
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, passive-investment
TL;DR
**BlackRock still owns 8.3% of Great Southern Bancorp, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, disclosing its ownership in GREAT SOUTHERN BANCORP, INC. As of December 31, 2023, BlackRock reported beneficial ownership of 1,006,214 shares of Common Stock, representing 8.3% of the company's outstanding shares. This is an amendment to a previous filing, indicating a change in their holding, which is important for investors to track as large institutional movements can signal confidence or concern in the stock.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant stake in Great Southern Bancorp, which can be seen as a vote of confidence in the bank's future. Investors should monitor such large institutional positions as they can influence stock price and market sentiment.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note BlackRock's continued significant, albeit passive, stake. While not an active investment signal, it suggests institutional confidence. Monitor future 13G/A filings for any substantial changes in BlackRock's position, which could indicate a shift in their outlook on Great Southern Bancorp.
Key Numbers
- 1,006,214 — shares beneficially owned (BlackRock's total shares in Great Southern Bancorp)
- 8.3% — percentage of class outstanding (BlackRock's ownership percentage of Great Southern Bancorp's Common Stock)
Key Players & Entities
- BlackRock Inc. (company) — reporting person and institutional investor
- GREAT SOUTHERN BANCORP, INC. (company) — subject company, whose stock is being reported
- December 31, 2023 (date) — date of event requiring the filing
- January 26, 2024 (date) — filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Great Southern Bancorp for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and what does it indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates a passive institutional investor, BlackRock Inc., is updating its beneficial ownership of 5% or more of a company's stock, in this case, GREAT SOUTHERN BANCORP, INC.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major asset management firm based out of 50 Hudson Yards, New York, NY.
What is the subject company and its primary business?
The subject company is GREAT SOUTHERN BANCORP, INC., located at 1451 E Battlefield, Springfield, MO. Its Standard Industrial Classification (SIC) is 'STATE COMMERCIAL BANKS [6022]', indicating it operates as a commercial bank.
As of what date is the ownership information reported?
The ownership information in this filing is reported as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
What percentage of GREAT SOUTHERN BANCORP, INC.'s Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 8.3% of GREAT SOUTHERN BANCORP, INC.'s Common Stock, representing 1,006,214 shares.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding GREAT SOUTHERN BANCORP, INC. (GSBC).