Key Points
- VP John Bugh sold 1,750 shares at an average price of $57.72 for $101,010, leaving him with 1,790 shares — a 49.44% reduction in his position.
- Dividend raised to $0.43 quarterly ($1.72 annualized), implying a 3.0% yield with a payout ratio of 28.57%.
- Stock and analyst outlook: GSBC trades around $58 with a $649.3M market cap and P/E of 9.64; the company slightly beat recent quarterly EPS and revenue, but analysts carry a consensus "Reduce" rating with an average target of $59.50.
Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) VP John Bugh sold 1,750 shares of the company's stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $57.72, for a total value of $101,010.00. Following the completion of the transaction, the vice president owned 1,790 shares of the company's stock, valued at approximately $103,318.80. This represents a 49.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Great Southern Bancorp Stock Performance
Shares of NASDAQ GSBC traded up $0.17 during midday trading on Thursday, hitting $58.03. The company's stock had a trading volume of 4,983 shares, compared to its average volume of 42,990. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. Great Southern Bancorp, Inc. has a 1-year low of $47.57 and a 1-year high of $66.98. The firm's fifty day moving average price is $60.08 and its 200-day moving average price is $59.13. The firm has a market cap of $649.30 million, a P/E ratio of 9.64 and a beta of 0.59.
Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. The company had revenue of $58.21 million for the quarter, compared to the consensus estimate of $56.72 million. Great Southern Bancorp had a net margin of 19.80% and a return on equity of 11.38%. On average, sell-side analysts forecast that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.
Great Southern Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Monday, September 29th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.72 dividend on an annualized basis and a yield of 3.0%. This is a boost from Great Southern Bancorp's previous quarterly dividend of $0.40. Great Southern Bancorp's dividend payout ratio (DPR) is presently 28.57%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC increased its position in Great Southern Bancorp by 1.6% in the second quarter. Wedge Capital Management L L P NC now owns 13,208 shares of the financial services provider's stock worth $776,000 after purchasing an additional 209 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Great Southern Bancorp by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider's stock worth $284,000 after buying an additional 234 shares during the last quarter. Rhumbline Advisers raised its position in Great Southern Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider's stock worth $798,000 after acquiring an additional 253 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Great Southern Bancorp by 2.5% during the 2nd quarter. Bank of America Corp DE now owns 13,234 shares of the financial services provider's stock worth $778,000 after acquiring an additional 322 shares during the period. Finally, GSA Capital Partners LLP lifted its position in Great Southern Bancorp by 3.3% during the third quarter. GSA Capital Partners LLP now owns 11,353 shares of the financial services provider's stock worth $695,000 after acquiring an additional 365 shares during the last quarter. 41.66% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
GSBC has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Great Southern Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, November 7th. 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 research report on Friday, October 17th. Finally, Zacks Research lowered shares of Great Southern Bancorp from a "hold" rating to a "strong sell" rating in a research report on Monday, October 20th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Great Southern Bancorp presently has a consensus rating of "Reduce" and an average price target of $59.50.
Read Our Latest Analysis on Great Southern Bancorp
About Great Southern Bancorp
(
Get Free Report)
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.
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