Great Southern Bancorp (NASDAQ:GSBC) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Great Southern Bancorp (NASDAQ:GSBCGet Rating) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10, MarketWatch Earnings reports. Great Southern Bancorp had a return on equity of 12.02% and a net margin of 31.49%. During the same quarter in the previous year, the firm posted $1.36 earnings per share.

GSBC stock traded up $1.08 during trading on Thursday, reaching $59.77. 14,090 shares of the stock traded hands, compared to its average volume of 43,924. The business’s 50 day moving average price is $60.07 and its 200-day moving average price is $58.85. The firm has a market capitalization of $770.44 million, a PE ratio of 10.97 and a beta of 0.85. Great Southern Bancorp has a 52-week low of $49.53 and a 52-week high of $62.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.01 and a quick ratio of 1.00.

The company also recently announced a quarterly dividend, which was paid on Monday, April 11th. Investors of record on Monday, March 28th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Friday, March 25th. Great Southern Bancorp’s dividend payout ratio (DPR) is currently 26.42%.

GSBC has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a report on Monday, April 4th. Piper Sandler downgraded Great Southern Bancorp from an “overweight” rating to a “neutral” rating and set a $63.00 price target for the company. in a report on Friday, January 7th. Finally, StockNews.com initiated coverage on Great Southern Bancorp in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

In other Great Southern Bancorp news, Director Earl A. Steinert, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 27th. The stock was sold at an average price of $58.94, for a total value of $58,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie A. Brown sold 4,750 shares of the company’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $60.39, for a total transaction of $286,852.50. The disclosure for this sale can be found here. Insiders sold 6,363 shares of company stock worth $383,326 in the last 90 days. 25.82% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its stake in shares of Great Southern Bancorp by 199.6% during the 2nd quarter. Morgan Stanley now owns 36,709 shares of the financial services provider’s stock valued at $1,979,000 after buying an additional 24,458 shares during the last quarter. Royal Bank of Canada raised its holdings in Great Southern Bancorp by 72.1% in the third quarter. Royal Bank of Canada now owns 1,248 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 523 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Great Southern Bancorp by 107.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,882 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,492 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Great Southern Bancorp by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 112,583 shares of the financial services provider’s stock worth $6,171,000 after purchasing an additional 2,592 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Great Southern Bancorp by 144.8% in the 4th quarter. Bank of America Corp DE now owns 17,782 shares of the financial services provider’s stock valued at $1,053,000 after purchasing an additional 10,518 shares in the last quarter. Hedge funds and other institutional investors own 46.80% of the company’s stock.

About Great Southern Bancorp (Get Rating)

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.

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Earnings History for Great Southern Bancorp (NASDAQ:GSBC)

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