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

Great Southern Bancorp (NASDAQ:GSBC) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.15, Zacks reports. The firm had revenue of $90.79 million during the quarter, compared to analyst estimates of $54.75 million. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. During the same period in the previous year, the company earned $1.33 earnings per share.

Great Southern Bancorp Price Performance

Shares of NASDAQ:GSBC opened at $58.04 on Friday. Great Southern Bancorp has a one year low of $46.60 and a one year high of $65.90. The stock has a fifty day moving average of $57.18 and a 200-day moving average of $55.34. The company has a market capitalization of $676.63 million, a PE ratio of 11.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92.

Great Southern Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.40 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. Great Southern Bancorp’s dividend payout ratio (DPR) is 31.43%.

Insider Activity

In other Great Southern Bancorp news, Director William V. Turner sold 4,420 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $56.14, for a total transaction of $248,138.80. Following the completion of the sale, the director now directly owns 210,112 shares in the company, valued at $11,795,687.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Great Southern Bancorp news, Director William V. Turner sold 4,420 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $56.14, for a total transaction of $248,138.80. Following the completion of the sale, the director now directly owns 210,112 shares in the company, valued at $11,795,687.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William V. Turner sold 6,000 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 15,670 shares of company stock worth $958,706 over the last quarter. Corporate insiders own 27.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Great Southern Bancorp

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.