Great Southern Bancorp, Inc. (GSBC) Expected to Post Quarterly Sales of $45.39 Million
Equities analysts predict that Great Southern Bancorp, Inc. (NASDAQ:GSBC) will post sales of $45.39 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Great Southern Bancorp’s earnings, with the highest sales estimate coming in at $46.30 million and the lowest estimate coming in at $44.47 million. Great Southern Bancorp reported sales of $48.12 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 18th.
On average, analysts expect that Great Southern Bancorp will report full year sales of $45.39 million for the current financial year, with estimates ranging from $185.60 million to $189.35 million. For the next fiscal year, analysts anticipate that the company will report sales of $192.23 million per share, with estimates ranging from $189.87 million to $194.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Great Southern Bancorp.
Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.37. The company had revenue of $53.70 million during the quarter, compared to the consensus estimate of $49.78 million. Great Southern Bancorp had a return on equity of 11.62% and a net margin of 22.84%.
Several research analysts have recently issued reports on GSBC shares. Zacks Investment Research upgraded shares of Great Southern Bancorp from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, June 21st. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 price objective on shares of Great Southern Bancorp in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
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Shares of Great Southern Bancorp (NASDAQ GSBC) opened at 48.90 on Friday. Great Southern Bancorp has a one year low of $38.35 and a one year high of $56.70. The firm’s 50-day moving average price is $51.43 and its 200-day moving average price is $50.91. The stock has a market capitalization of $686.36 million, a P/E ratio of 13.70 and a beta of 1.08.
In other news, Director William V. Turner sold 5,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $52.73, for a total transaction of $263,650.00. Following the transaction, the director now owns 173,853 shares in the company, valued at approximately $9,167,268.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William V. Turner sold 10,800 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $52.76, for a total transaction of $569,808.00. Following the transaction, the director now owns 173,853 shares in the company, valued at approximately $9,172,484.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,851 shares of company stock worth $836,004. Insiders own 23.78% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GSBC. Thrivent Financial For Lutherans acquired a new stake in Great Southern Bancorp during the second quarter worth $6,770,000. Wellington Management Group LLP acquired a new stake in Great Southern Bancorp during the first quarter worth $4,267,000. LSV Asset Management boosted its stake in Great Southern Bancorp by 58.7% in the first quarter. LSV Asset Management now owns 163,291 shares of the financial services provider’s stock worth $8,246,000 after buying an additional 60,391 shares during the last quarter. Vanguard Group Inc. boosted its stake in Great Southern Bancorp by 5.9% in the first quarter. Vanguard Group Inc. now owns 524,337 shares of the financial services provider’s stock worth $26,479,000 after buying an additional 29,241 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in Great Southern Bancorp by 243.9% in the second quarter. Mutual of America Capital Management LLC now owns 41,164 shares of the financial services provider’s stock worth $2,202,000 after buying an additional 29,193 shares during the last quarter. 39.91% of the stock is currently owned by institutional investors and hedge funds.
About Great Southern Bancorp
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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