Great Southern Bancorp, Inc. (NASDAQ:GSBC) Releases Earnings Results, Beats Estimates By $0.37 EPS
Great Southern Bancorp, Inc. (NASDAQ:GSBC) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.37, Morningstar.com reports. Great Southern Bancorp had a return on equity of 11.04% and a net margin of 21.78%.
Great Southern Bancorp (NASDAQ:GSBC) opened at 52.00 on Thursday. Great Southern Bancorp has a 52 week low of $38.11 and a 52 week high of $56.70. The company has a market capitalization of $729.72 million, a P/E ratio of 15.67 and a beta of 1.10. The stock’s 50 day moving average price is $52.56 and its 200 day moving average price is $51.02.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.24 per share. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, June 29th. Great Southern Bancorp’s payout ratio is currently 28.83%.
In related news, insider Steven G. Mitchem sold 10,500 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $52.49, for a total value of $551,145.00. Following the sale, the insider now owns 60,875 shares in the company, valued at $3,195,328.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William V. Turner sold 1,700 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $53.15, for a total value of $90,355.00. Following the completion of the sale, the director now owns 180,553 shares in the company, valued at approximately $9,596,391.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,725 shares of company stock valued at $773,869. 23.78% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of GSBC. US Bancorp DE increased its stake in Great Southern Bancorp by 1,927.7% in the second quarter. US Bancorp DE now owns 18,006 shares of the financial services provider’s stock worth $964,000 after buying an additional 17,118 shares during the last quarter. Aperio Group LLC purchased a new stake in Great Southern Bancorp during the second quarter valued at $274,000. Goldman Sachs Group Inc. boosted its stake in Great Southern Bancorp by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 16,835 shares of the financial services provider’s stock valued at $851,000 after buying an additional 241 shares during the last quarter. AQR Capital Management LLC boosted its stake in Great Southern Bancorp by 23.1% in the first quarter. AQR Capital Management LLC now owns 63,916 shares of the financial services provider’s stock valued at $3,228,000 after buying an additional 12,014 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in 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. Institutional investors own 39.68% of the company’s stock.
GSBC has been the topic of several research analyst reports. Zacks Investment Research upgraded Great Southern Bancorp from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, June 21st. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Great Southern Bancorp in a research note on Thursday, April 20th.
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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