Key Points
- CEO Joseph Turner sold 6,000 shares on January 26 at an average price of $60.74, generating $364,440 in proceeds and reducing his stake by 4.18% to 137,382 shares (worth about $8.34 million).
- Great Southern beat expectations for the quarter, reporting $1.45 EPS vs. $1.38 expected and revenue of $56.35 million vs. $55.03 million, with a return on equity of 11.4% and a net margin of 20.7%.
- The bank yields 2.8% from a $0.43 quarterly dividend ($1.72 annual), has a market cap of about $679 million and a trailing P/E of 9.79.
Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) CEO Joseph Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $60.74, for a total value of $364,440.00. Following the sale, the chief executive officer directly owned 137,382 shares of the company's stock, valued at approximately $8,344,582.68. This trade represents a 4.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Great Southern Bancorp Price Performance
Shares of Great Southern Bancorp stock opened at $60.71 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $679.34 million, a PE ratio of 9.79 and a beta of 0.52. The business's 50-day moving average price is $62.40 and its 200-day moving average price is $60.79. Great Southern Bancorp, Inc. has a 12 month low of $47.57 and a 12 month high of $67.70.
Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.07. The company had revenue of $56.35 million during the quarter, compared to the consensus estimate of $55.03 million. Great Southern Bancorp had a return on equity of 11.40% and a net margin of 20.70%. Sell-side analysts forecast that Great Southern Bancorp, Inc. will post 5.24 EPS for the current fiscal year.
Great Southern Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Monday, December 29th were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.8%. Great Southern Bancorp's dividend payout ratio is 27.74%.
Wall Street Analyst Weigh In
GSBC has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Great Southern Bancorp in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on Great Southern Bancorp from $61.00 to $63.00 and gave the company a "market perform" rating in a research note on Friday, January 23rd. Finally, Zacks Research upgraded Great Southern Bancorp from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.50.
Check Out Our Latest Stock Analysis on GSBC
Institutional Trading of Great Southern Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in Great Southern Bancorp in the 3rd quarter worth $27,000. Russell Investments Group Ltd. boosted its position in Great Southern Bancorp by 1,301.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 716 shares in the last quarter. CWM LLC grew its holdings in shares of Great Southern Bancorp by 150.4% during the 2nd quarter. CWM LLC now owns 859 shares of the financial services provider's stock worth $50,000 after acquiring an additional 516 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Great Southern Bancorp in the 3rd quarter worth approximately $128,000. Finally, Walleye Capital LLC purchased a new position in shares of Great Southern Bancorp in the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 41.66% of the company's stock.
Great Southern Bancorp Company Profile
(
Get Free Report)
Great Southern Bancorp, Inc (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.
Great Southern Bank's core business activities include deposit-taking, lending and treasury management.
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