Great Southern Bancorp, Inc. (NASDAQ:GSBC) Expected to Post Quarterly Sales of $49.78 Million
Wall Street brokerages forecast that Great Southern Bancorp, Inc. (NASDAQ:GSBC) will post sales of $49.78 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Great Southern Bancorp’s earnings, with the highest sales estimate coming in at $52.26 million and the lowest estimate coming in at $47.30 million. Great Southern Bancorp posted sales of $49.58 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, July 19th.
According to Zacks, analysts expect that Great Southern Bancorp will report full year sales of $49.78 million for the current year, with estimates ranging from $190.90 million to $191.63 million. For the next year, analysts anticipate that the company will post sales of $200.40 million per share, with estimates ranging from $196.80 million to $204.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Great Southern Bancorp.
Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Great Southern Bancorp had a return on equity of 11.04% and a net margin of 21.78%. The firm had revenue of $46.40 million during the quarter, compared to analyst estimates of $46.74 million.
Several equities research analysts have recently weighed in on GSBC shares. Zacks Investment Research upgraded Great Southern Bancorp from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, June 21st. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Great Southern Bancorp in a research report on Thursday, April 20th.
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Great Southern Bancorp (NASDAQ GSBC) opened at 52.65 on Friday. Great Southern Bancorp has a 12 month low of $34.48 and a 12 month high of $56.70. The firm has a market cap of $738.84 million, a price-to-earnings ratio of 15.86 and a beta of 1.10. The stock has a 50 day moving average price of $51.20 and a 200 day moving average price of $51.21.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, June 29th. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.22. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 28.83%.
In related news, VP Linton J. Thomason sold 1,900 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $52.27, for a total transaction of $99,313.00. Following the sale, the vice president now owns 9,027 shares of the company’s stock, valued at approximately $471,841.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Douglas W. Marrs sold 625 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $52.89, for a total value of $33,056.25. Following the sale, the vice president now directly owns 2,582 shares in the company, valued at approximately $136,561.98. The disclosure for this sale can be found here. Insiders have sold a total of 14,725 shares of company stock worth $773,869 in the last ninety days. 23.78% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of GSBC. Bank of America Corp DE increased its stake in shares of Great Southern Bancorp by 4.9% in the first quarter. Bank of America Corp DE now owns 3,254 shares of the financial services provider’s stock valued at $164,000 after buying an additional 152 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of Great Southern Bancorp during the first quarter valued at approximately $238,000. TFS Capital LLC acquired a new stake in shares of Great Southern Bancorp during the first quarter valued at approximately $241,000. American International Group Inc. increased its stake in shares of Great Southern Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 6,612 shares of the financial services provider’s stock valued at $334,000 after buying an additional 445 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its stake in shares of Great Southern Bancorp by 94.4% in the fourth quarter. Highbridge Capital Management LLC now owns 9,904 shares of the financial services provider’s stock valued at $541,000 after buying an additional 4,809 shares during the last quarter. 39.70% of the stock is currently owned by institutional investors and hedge funds.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.
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