Great Southern Bancorp (NASDAQ:GSBC) announced its earnings results on Wednesday. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.15, Morningstar.com reports. Great Southern Bancorp had a net margin of 28.97% and a return on equity of 14.36%. The company had revenue of $52.08 million during the quarter, compared to the consensus estimate of $51.50 million.
Shares of NASDAQ GSBC traded down $0.47 during trading on Friday, reaching $58.36. The company had a trading volume of 1,364 shares, compared to its average volume of 27,774. Great Southern Bancorp has a 52 week low of $43.30 and a 52 week high of $61.65. The stock has a market cap of $823.39 million, a PE ratio of 12.32 and a beta of 1.05. 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 business’s 50 day moving average is $58.62.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, June 28th. Great Southern Bancorp’s dividend payout ratio is presently 27.18%.
A number of equities analysts have weighed in on GSBC shares. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th.
In related news, CEO Joseph W. Turner sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $56.25, for a total transaction of $337,500.00. Following the completion of the sale, the chief executive officer now directly owns 143,682 shares of the company’s stock, valued at $8,082,112.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Linton J. Thomason sold 3,680 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $58.91, for a total transaction of $216,788.80. Following the sale, the vice president now directly owns 3,680 shares of the company’s stock, valued at $216,788.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,230 shares of company stock valued at $816,751. Insiders own 23.23% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of GSBC. Great West Life Assurance Co. Can increased its stake in Great Southern Bancorp by 1,175.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,122 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,034 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Great Southern Bancorp by 738.1% in the first quarter. Nisa Investment Advisors LLC now owns 1,760 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,550 shares in the last quarter. FMR LLC increased its stake in Great Southern Bancorp by 22.5% in the fourth quarter. FMR LLC now owns 2,397 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 440 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Great Southern Bancorp by 235.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,313 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 1,624 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Great Southern Bancorp in the first quarter valued at approximately $175,000. 44.73% of the stock is owned by institutional investors and hedge funds.
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.
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