Zacks: Analysts Expect Great Southern Bancorp, Inc. (NASDAQ:GSBC) to Announce $0.79 Earnings Per Share
Wall Street brokerages expect that Great Southern Bancorp, Inc. (NASDAQ:GSBC) will post earnings of $0.79 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Great Southern Bancorp’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.75. Great Southern Bancorp reported earnings of $0.80 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The company is expected to announce its next earnings results on Wednesday, October 18th.
On average, analysts expect that Great Southern Bancorp will report full year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.62. For the next year, analysts expect that the company will post earnings of $3.33 per share, with EPS estimates ranging from $3.30 to $3.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Great Southern Bancorp.
Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.77 by $0.37. Great Southern Bancorp had a net margin of 22.84% and a return on equity of 11.78%. The firm had revenue of $53.70 million for the quarter, compared to analysts’ expectations of $49.78 million.
GSBC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Great Southern Bancorp from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, June 21st. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Great Southern Bancorp in a report on Thursday, April 20th. Finally, BidaskClub cut shares of Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
In other news, Director William V. Turner sold 5,000 shares of Great Southern Bancorp stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $52.73, for a total transaction of $263,650.00. Following the completion of the transaction, the director now directly owns 173,853 shares in the company, valued at $9,167,268.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William V. Turner sold 10,800 shares of Great Southern Bancorp stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $52.76, for a total transaction of $569,808.00. Following the transaction, the director now owns 173,853 shares of the company’s stock, valued at $9,172,484.28. The disclosure for this sale can be found here. 23.78% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GSBC. Bank of America Corp DE raised its position in Great Southern Bancorp by 4.9% in the first quarter. Bank of America Corp DE now owns 3,254 shares of the financial services provider’s stock worth $164,000 after buying an additional 152 shares during the last quarter. Smith Asset Management Group LP raised its position in Great Southern Bancorp by 560.7% in the second quarter. Smith Asset Management Group LP now owns 4,242 shares of the financial services provider’s stock worth $227,000 after buying an additional 3,600 shares during the last quarter. Menta Capital LLC purchased a new position in Great Southern Bancorp during the first quarter worth $238,000. TFS Capital LLC purchased a new position in Great Southern Bancorp during the first quarter worth $241,000. Finally, Aperio Group LLC purchased a new position in Great Southern Bancorp during the second quarter worth $274,000. 39.89% of the stock is currently owned by institutional investors.
Shares of Great Southern Bancorp (NASDAQ:GSBC) traded down 1.14% during midday trading on Friday, reaching $51.95. 16,539 shares of the company’s stock traded hands. The stock has a market cap of $729.07 million, a P/E ratio of 14.56 and a beta of 1.08. Great Southern Bancorp has a 12 month low of $38.35 and a 12 month high of $56.70. The stock has a 50 day moving average of $52.98 and a 200-day moving average of $50.98.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were issued a dividend of $0.24 per share. This is a boost from Great Southern Bancorp’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, June 29th. Great Southern Bancorp’s dividend payout ratio (DPR) is currently 26.82%.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc is a bank holding company, a financial holding company and the parent of Great Southern Bank (the Bank). Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank makes long-term, fixed-rate residential real estate loans.
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