Great Southern Bancorp (NASDAQ:GSBC) Issues Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Great Southern Bancorp (NASDAQ:GSBC – Get Rating) released its earnings results on Monday. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.64 by $0.20, MarketWatch Earnings reports. Great Southern Bancorp had a return on equity of 12.15% and a net margin of 28.28%. The business had revenue of $75.61 million for the quarter, compared to the consensus estimate of $62.53 million.

Great Southern Bancorp Stock Performance

Shares of NASDAQ:GSBC traded down $0.44 during midday trading on Tuesday, reaching $58.05. 30,442 shares of the company’s stock traded hands, compared to its average volume of 18,196. The company has a market cap of $709.08 million, a price-to-earnings ratio of 10.95 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 0.93. Great Southern Bancorp has a one year low of $50.30 and a one year high of $64.16. The stock has a 50 day moving average of $60.24 and a 200 day moving average of $60.38.

Great Southern Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 18th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, December 30th. Great Southern Bancorp’s payout ratio is currently 29.96%.

Insider Activity

In other news, Director William V. Turner sold 8,085 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $60.68, for a total transaction of $490,597.80. Following the transaction, the director now directly owns 232,095 shares of the company’s stock, valued at $14,083,524.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director William V. Turner sold 8,085 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $60.68, for a total transaction of $490,597.80. Following the transaction, the director now directly owns 232,095 shares of the company’s stock, valued at $14,083,524.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer Rex A. Copeland sold 824 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $62.01, for a total value of $51,096.24. Following the transaction, the treasurer now directly owns 22,494 shares in the company, valued at $1,394,852.94. The disclosure for this sale can be found here. Insiders have sold a total of 9,559 shares of company stock valued at $582,151 over the last ninety days. 25.82% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in Great Southern Bancorp by 6.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,120 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 192 shares during the period. Credit Suisse AG increased its position in Great Southern Bancorp by 3.0% in the third quarter. Credit Suisse AG now owns 7,562 shares of the financial services provider’s stock worth $431,000 after buying an additional 219 shares in the last quarter. BNP Paribas Arbitrage SNC increased its position in Great Southern Bancorp by 8.4% in the third quarter. BNP Paribas Arbitrage SNC now owns 3,381 shares of the financial services provider’s stock worth $193,000 after buying an additional 261 shares in the last quarter. LSV Asset Management increased its position in Great Southern Bancorp by 0.5% in the first quarter. LSV Asset Management now owns 92,914 shares of the financial services provider’s stock worth $5,483,000 after buying an additional 500 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Great Southern Bancorp by 2.0% in the third quarter. Alliancebernstein L.P. now owns 51,832 shares of the financial services provider’s stock worth $2,958,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 42.26% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Great Southern Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 19th.

Great Southern Bancorp Company Profile

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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.