Insider Selling: Great Southern Bancorp, Inc. (GSBC) Director Sells 5,000 Shares of Stock
Great Southern Bancorp, Inc. (NASDAQ:GSBC) Director William V. Turner sold 5,000 shares of Great Southern Bancorp stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $52.73, for a total value of $263,650.00. Following the transaction, the director now owns 173,853 shares of the company’s stock, valued at $9,167,268.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Great Southern Bancorp, Inc. (NASDAQ:GSBC) traded down 1.70% during mid-day trading on Wednesday, reaching $52.00. 36,642 shares of the company’s stock traded hands. The company has a 50-day moving average of $52.82 and a 200-day moving average of $50.99. The company has a market capitalization of $729.77 million, a price-to-earnings ratio of 14.57 and a beta of 1.10. Great Southern Bancorp, Inc. has a 52-week low of $38.35 and a 52-week high of $56.70.
Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.37. The business had revenue of $53.70 million during the quarter, compared to the consensus estimate of $49.78 million. Great Southern Bancorp had a net margin of 22.84% and a return on equity of 11.78%. Equities research analysts expect that Great Southern Bancorp, Inc. will post $3.39 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were given a $0.24 dividend. 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. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.22. Great Southern Bancorp’s dividend payout ratio is 26.82%.
Several research analysts recently issued reports on GSBC shares. Zacks Investment Research downgraded Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Great Southern Bancorp in a research note on Thursday, April 20th.
Large investors have recently modified their holdings of the stock. Aviance Capital Partners LLC purchased a new stake in shares of Great Southern Bancorp during the second quarter valued at approximately $467,000. US Bancorp DE increased its stake in shares of 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 valued at $964,000 after buying an additional 17,118 shares during the period. Aperio Group LLC purchased a new stake in shares of Great Southern Bancorp during the second quarter valued at approximately $274,000. Goldman Sachs Group Inc. increased its stake in shares of 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 period. Finally, AQR Capital Management LLC increased its stake in shares of 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 period. Institutional investors and hedge funds own 39.67% of the company’s stock.
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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