Great Southern Bancorp (NASDAQ:GSBC) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Great Southern Bancorp (NASDAQ:GSBC) released its earnings results on Tuesday. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.05), Zacks reports. Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%.

Great Southern Bancorp Stock Down 4.8 %

GSBC stock opened at $59.01 on Thursday. The business’s 50-day simple moving average is $61.92 and its 200 day simple moving average is $59.61. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. The company has a market cap of $689.24 million, a PE ratio of 11.22 and a beta of 0.65. Great Southern Bancorp has a twelve month low of $48.19 and a twelve month high of $68.01.

Great Southern Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Monday, December 30th. Great Southern Bancorp’s payout ratio is presently 30.42%.

Insiders Place Their Bets

In other news, VP Mark A. Maples sold 2,074 shares of Great Southern Bancorp stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $67.19, for a total transaction of $139,352.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julie A. Brown sold 2,500 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $61.05, for a total transaction of $152,625.00. Following the completion of the transaction, the director now directly owns 32,896 shares of the company’s stock, valued at $2,008,300.80. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,174 shares of company stock worth $1,235,009. 27.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price objective on Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, October 18th.

Great Southern Bancorp Company Profile

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.