Great Southern Bancorp (NASDAQ:GSBC) Issues Earnings Results, Beats Expectations By $0.15 EPS
Great Southern Bancorp (NASDAQ:GSBC) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.15, Morningstar.com reports. The company had revenue of $52.08 million during the quarter, compared to analyst estimates of $51.50 million. Great Southern Bancorp had a net margin of 28.97% and a return on equity of 14.36%.
Great Southern Bancorp stock traded down $0.48 during mid-day trading on Friday, reaching $58.35. 7,247 shares of the company traded hands, compared to its average volume of 27,774. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 1.03. The stock’s 50 day moving average price is $58.62. The stock has a market capitalization of $823.39 million, a price-to-earnings ratio of 12.39 and a beta of 1.05. Great Southern Bancorp has a 52-week low of $43.30 and a 52-week high of $61.65.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, June 28th. Great Southern Bancorp’s payout ratio is currently 27.18%.
Large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can grew its position in shares of Great Southern Bancorp by 1,175.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,122 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,034 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Great Southern Bancorp by 738.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,760 shares of the financial services provider’s stock worth $91,000 after buying an additional 1,550 shares during the period. FMR LLC grew its position in shares of Great Southern Bancorp by 22.5% in the 4th quarter. FMR LLC now owns 2,397 shares of the financial services provider’s stock worth $110,000 after buying an additional 440 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Great Southern Bancorp by 235.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,313 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,624 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Great Southern Bancorp in the 1st quarter worth about $175,000. 44.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on GSBC shares. Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th.
About Great Southern Bancorp
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.
Featured Story: What is the return on assets formula?
Receive News & Ratings for Great Southern Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Southern Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.