Key Points
- Insider sale: Vice President John Bugh sold 2,500 shares of GSBC on April 20 at an average price of $67.59 for $168,975, cutting his stake by 58.28% to 1,790 shares; the transaction was disclosed in an SEC filing.
- Quarterly beat and payout: Great Southern reported $1.58 EPS vs. $1.27 expected and $55.36M revenue, and pays a $0.43 quarterly dividend (annualized yield ~2.6% with a 27.3% payout ratio); market cap is about $730.7M with a P/E of 10.56.
- Market view and ownership: Analysts average a "Hold" rating with a $65 target (one Buy, two Holds), and institutional investors own roughly 41.66% of the stock amid recent increases from firms like AQR and Empowered Funds.
Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) VP John Bugh sold 2,500 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $67.59, for a total value of $168,975.00. Following the completion of the transaction, the vice president directly owned 1,790 shares of the company's stock, valued at $120,986.10. This represents a 58.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Great Southern Bancorp Trading Down 0.3%
Shares of GSBC opened at $66.65 on Wednesday. The company has a market capitalization of $730.68 million, a P/E ratio of 10.56 and a beta of 0.46. Great Southern Bancorp, Inc. has a one year low of $50.95 and a one year high of $70.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50-day moving average price of $63.66 and a 200 day moving average price of $61.89.
Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.31. The firm had revenue of $55.36 million during the quarter, compared to the consensus estimate of $54.75 million. Great Southern Bancorp had a return on equity of 11.31% and a net margin of 21.33%. Sell-side analysts forecast that Great Southern Bancorp, Inc. will post 5.28 EPS for the current fiscal year.
Great Southern Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Great Southern Bancorp's dividend payout ratio is currently 27.26%.
Wall Street Analyst Weigh In
GSBC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Great Southern Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their target price on Great Southern Bancorp from $63.00 to $65.00 and gave the stock a "market perform" rating in a report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.00.
Get Our Latest Analysis on Great Southern Bancorp
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Great Southern Bancorp by 8.3% during the 1st quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider's stock worth $801,000 after purchasing an additional 1,114 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 purchasing an additional 234 shares during the period. Empowered Funds LLC raised its position in shares of Great Southern Bancorp by 68.5% during the 1st quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider's stock worth $755,000 after purchasing an additional 5,546 shares during the period. Jane Street Group LLC acquired a new stake in shares of Great Southern Bancorp during the 1st quarter worth approximately $1,146,000. Finally, Rhumbline Advisers raised its position in shares of Great Southern Bancorp by 1.9% during the 2nd quarter. Rhumbline Advisers now owns 13,580 shares of the financial services provider's stock worth $798,000 after purchasing an additional 253 shares during the period. Institutional investors own 41.66% of the company's stock.
About Great Southern Bancorp
(
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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