Great Southern Bancorp (NASDAQ:GSBC) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Great Southern Bancorp (NASDAQ:GSBC) announced its earnings results on Wednesday. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.15, Morningstar.com reports. The firm had revenue of $52.08 million during the quarter, compared to the consensus estimate of $51.50 million. Great Southern Bancorp had a return on equity of 14.36% and a net margin of 28.97%.

Great Southern Bancorp stock traded down $0.40 during mid-day trading on Friday, reaching $58.43. The company had a trading volume of 21,855 shares, compared to its average volume of 28,279. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.18. The stock has a market cap of $823.39 million, a price-to-earnings ratio of 12.41 and a beta of 1.05. The stock’s 50 day simple moving average is $58.67. Great Southern Bancorp has a 52 week low of $43.30 and a 52 week high of $61.65.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Monday, July 1st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, June 28th. Great Southern Bancorp’s payout ratio is currently 27.18%.



In other news, insider Rex A. Copeland sold 1,050 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $59.24, for a total transaction of $62,202.00. Following the completion of the transaction, the insider now owns 24,368 shares of the company’s stock, valued at $1,443,560.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph W. Turner sold 6,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $56.25, for a total transaction of $337,500.00. Following the transaction, the chief executive officer now directly owns 143,682 shares of the company’s stock, valued at approximately $8,082,112.50. The disclosure for this sale can be found here. Insiders sold a total of 14,230 shares of company stock worth $816,751 over the last 90 days. Company insiders own 23.23% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GSBC. FMR LLC raised its holdings in Great Southern Bancorp by 22.5% in the 4th quarter. FMR LLC now owns 2,397 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 440 shares in the last quarter. Citigroup Inc. raised its holdings in Great Southern Bancorp by 15.2% in the 4th quarter. Citigroup Inc. now owns 3,837 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 505 shares in the last quarter. Two Sigma Investments LP raised its holdings in Great Southern Bancorp by 12.7% in the 4th quarter. Two Sigma Investments LP now owns 5,140 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 581 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Great Southern Bancorp by 1,175.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,122 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,034 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Great Southern Bancorp by 7.4% in the 1st quarter. New York State Common Retirement Fund now owns 19,568 shares of the financial services provider’s stock valued at $1,016,000 after acquiring an additional 1,351 shares in the last quarter. 44.73% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on GSBC shares. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th.

About Great Southern Bancorp

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: Exchange-Traded Funds (ETFs)

Earnings History for Great Southern Bancorp (NASDAQ:GSBC)

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