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

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

GSBC traded down $0.66 on Friday, hitting $58.17. 466 shares of the company’s stock were exchanged, compared to its average volume of 27,774. The firm has a market capitalization of $823.39 million, a price-to-earnings ratio of 12.35 and a beta of 1.05. Great Southern Bancorp has a twelve month low of $43.30 and a twelve month high of $61.65. The company’s fifty day simple moving average is $58.62. 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 firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.28 annualized dividend and a yield of 2.20%. Great Southern Bancorp’s dividend payout ratio (DPR) is 27.18%.

In other Great Southern Bancorp news, CEO Joseph W. Turner sold 6,000 shares of the firm’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 value of $337,500.00. Following the sale, the chief executive officer now owns 143,682 shares in the company, valued at $8,082,112.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rex A. Copeland sold 1,050 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 24,368 shares in the company, valued at approximately $1,443,560.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,230 shares of company stock worth $816,751. 23.23% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in shares of Great Southern Bancorp by 149.1% in the fourth quarter. Millennium Management LLC now owns 40,731 shares of the financial services provider’s stock valued at $1,875,000 after acquiring an additional 24,382 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of Great Southern Bancorp by 14.0% in the first quarter. Martingale Asset Management L P now owns 89,725 shares of the financial services provider’s stock valued at $4,658,000 after acquiring an additional 11,001 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Great Southern Bancorp by 1.2% in the fourth quarter. BlackRock Inc. now owns 896,862 shares of the financial services provider’s stock valued at $41,282,000 after acquiring an additional 10,285 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Great Southern Bancorp by 120.7% in the first quarter. Acadian Asset Management LLC now owns 17,082 shares of the financial services provider’s stock valued at $885,000 after acquiring an additional 9,343 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Great Southern Bancorp in the second quarter valued at approximately $510,000. Institutional investors own 44.73% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th.

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.

Further Reading: Institutional Investors

Earnings History for Great Southern Bancorp (NASDAQ:GSBC)

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