Key Points
- CEO Joseph Turner sold 6,000 shares on April 30 at an average price of $68.16 for proceeds of $408,960, cutting his stake by 4.22% to 136,182 shares valued at about $9.28 million.
- The company beat expectations last quarter with EPS of $1.58 vs. $1.27 expected and $55.36 million in revenue, and analysts now show a consensus "Buy" rating with a $65 target following recent upgrades.
- GSBC has a market cap of ~$754.8 million, a PE of 10.91, and pays a $0.43 quarterly dividend (annualized $1.72, a 2.5% yield) with a dividend payout ratio of 27.26%.
Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) CEO Joseph Turner sold 6,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $68.16, for a total transaction of $408,960.00. Following the transaction, the chief executive officer directly owned 136,182 shares in the company, valued at $9,282,165.12. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Great Southern Bancorp Price Performance
GSBC stock opened at $68.87 on Friday. Great Southern Bancorp, Inc. has a 1 year low of $53.60 and a 1 year high of $70.91. The company's 50-day moving average is $64.16 and its 200-day moving average is $62.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $754.82 million, a PE ratio of 10.91 and a beta of 0.50.
Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.31. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.31%. The business had revenue of $55.36 million during the quarter, compared to the consensus estimate of $54.75 million. Equities research analysts expect that Great Southern Bancorp, Inc. will post 5.84 EPS for the current fiscal year.
Great Southern Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were given a $0.43 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.72 annualized dividend and a yield of 2.5%. Great Southern Bancorp's dividend payout ratio (DPR) is presently 27.26%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on GSBC shares. Keefe, Bruyette & Woods raised their price target on shares of Great Southern Bancorp from $63.00 to $65.00 and gave the company a "market perform" rating in a research report on Friday, April 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Great Southern Bancorp in a research report on Tuesday, April 21st. Finally, Zacks Research raised shares of Great Southern Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $65.00.
Get Our Latest Stock Analysis on GSBC
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GSBC. State of Alaska Department of Revenue purchased a new position in shares of Great Southern Bancorp during the 3rd quarter valued at $27,000. Russell Investments Group Ltd. grew its position in shares of 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 purchasing an additional 716 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Great Southern Bancorp during the 4th quarter valued at $77,000. Quadrant Capital Group LLC purchased a new position in shares of Great Southern Bancorp during the 3rd quarter valued at $128,000. Finally, CWM LLC grew its position in shares of Great Southern Bancorp by 224.7% during the 3rd quarter. CWM LLC now owns 2,789 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 1,930 shares in the last quarter. 41.66% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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