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

Great Southern Bancorp (NASDAQ:GSBC) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.15, Zacks reports. The company had revenue of $90.79 million during the quarter, compared to analysts’ expectations of $54.75 million. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. During the same quarter in the prior year, the firm posted $1.33 earnings per share.

Great Southern Bancorp Trading Down 0.5 %

NASDAQ GSBC opened at $58.04 on Friday. The business has a 50 day simple moving average of $57.18 and a 200 day simple moving average of $55.34. Great Southern Bancorp has a one year low of $46.60 and a one year high of $65.90. The stock has a market capitalization of $676.63 million, a P/E ratio of 11.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92.

Great Southern Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 2.76%. Great Southern Bancorp’s dividend payout ratio is currently 31.43%.

Insider Buying and Selling

In related news, Director William V. Turner sold 4,420 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $56.14, for a total transaction of $248,138.80. Following the completion of the sale, the director now owns 210,112 shares of the company’s stock, valued at $11,795,687.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Great Southern Bancorp news, Director William V. Turner sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $63.19, for a total value of $379,140.00. Following the completion of the sale, the director now owns 214,532 shares of the company’s stock, valued at approximately $13,556,277.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William V. Turner sold 4,420 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $56.14, for a total value of $248,138.80. Following the completion of the sale, the director now directly owns 210,112 shares of the company’s stock, valued at $11,795,687.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,670 shares of company stock valued at $958,706 over the last 90 days. Company insiders own 27.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on Great Southern Bancorp from $53.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides 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.