Great Southern Bancorp (NASDAQ:GSBC) Issues Earnings Results, Beats Expectations By $0.20 EPS

Great Southern Bancorp (NASDAQ:GSBCGet Rating) released its earnings results on Monday. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.20, MarketWatch Earnings reports. Great Southern Bancorp had a return on equity of 12.15% and a net margin of 28.28%. The business had revenue of $75.61 million for the quarter, compared to the consensus estimate of $62.53 million.

Great Southern Bancorp Stock Performance

GSBC stock traded down $0.44 during trading on Tuesday, reaching $58.05. 30,442 shares of the stock were exchanged, compared to its average volume of 18,196. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $60.24 and a 200-day simple moving average of $60.38. The company has a market capitalization of $709.08 million, a P/E ratio of 10.95 and a beta of 0.75. Great Southern Bancorp has a twelve month low of $50.30 and a twelve month high of $64.16.

Great Southern Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 18th. Investors of record on Tuesday, January 3rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Friday, December 30th. Great Southern Bancorp’s dividend payout ratio (DPR) is presently 29.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th.

Insider Buying and Selling at Great Southern Bancorp

In other Great Southern Bancorp news, Director William V. Turner sold 8,085 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $60.68, for a total transaction of $490,597.80. Following the sale, the director now directly owns 232,095 shares of the company’s stock, valued at $14,083,524.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Great Southern Bancorp news, Director William V. Turner sold 8,085 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $60.68, for a total transaction of $490,597.80. Following the sale, the director now directly owns 232,095 shares of the company’s stock, valued at $14,083,524.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Rex A. Copeland sold 824 shares of Great Southern Bancorp stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $62.01, for a total value of $51,096.24. Following the sale, the treasurer now directly owns 22,494 shares in the company, valued at $1,394,852.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,559 shares of company stock valued at $582,151. 25.82% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ensign Peak Advisors Inc bought a new position in shares of Great Southern Bancorp in the third quarter valued at approximately $88,000. BNP Paribas Arbitrage SA raised its stake in shares of Great Southern Bancorp by 6.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,120 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 192 shares during the last quarter. BNP Paribas Arbitrage SNC raised its stake in shares of Great Southern Bancorp by 8.4% in the third quarter. BNP Paribas Arbitrage SNC now owns 3,381 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 261 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Great Southern Bancorp in the second quarter valued at approximately $199,000. Finally, Graham Capital Management L.P. bought a new position in shares of Great Southern Bancorp in the first quarter valued at approximately $233,000. Institutional investors own 42.26% of the company’s stock.

About Great Southern Bancorp

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Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts.

See Also

Earnings History for Great Southern Bancorp (NASDAQ:GSBC)

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