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

by · The Cerbat Gem

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

Great Southern Bancorp Stock Performance

Shares of Great Southern Bancorp stock opened at $58.04 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $676.63 million, a P/E ratio of 11.40 and a beta of 0.62. The firm 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 fifty-two week low of $46.60 and a fifty-two week high of $65.90.

Great Southern Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.40 dividend. 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 Monday, September 30th. Great Southern Bancorp’s dividend payout ratio is currently 31.43%.

Insider Activity at Great Southern Bancorp

In related news, Director Earl A. Steinert, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total value of $316,050.00. Following the completion of the sale, the director now owns 939,596 shares of the company’s stock, valued at $59,391,863.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 Great Southern Bancorp stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl A. Steinert, Jr. sold 5,000 shares of Great Southern Bancorp stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $63.21, for a total transaction of $316,050.00. Following the sale, the director now directly owns 939,596 shares of the company’s stock, valued at $59,391,863.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,670 shares of company stock valued at $958,706 over the last quarter. Corporate insiders own 27.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on GSBC

Great Southern Bancorp Company Profile

(Get Free Report)

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.

Further Reading