Great Southern Bancorp, Inc. (NASDAQ:GSBC – Get Free Report)’s stock price was down 5.4% during trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $57.43 and last traded at $58.67. Approximately 8,679 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 28,305 shares. The stock had previously closed at $62.00.
The financial services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.05). Great Southern Bancorp had a return on equity of 10.36% and a net margin of 17.21%.
Great Southern Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Monday, December 30th. Great Southern Bancorp’s dividend payout ratio is currently 31.37%.
Wall Street Analyst Weigh In
View Our Latest Research Report on Great Southern Bancorp
Insiders Place Their Bets
In other Great Southern Bancorp news, VP Mark A. Maples sold 2,600 shares of Great Southern Bancorp stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $63.42, for a total transaction of $164,892.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph W. Turner sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $66.63, for a total transaction of $399,780.00. Following the completion of the sale, the chief executive officer now directly owns 137,382 shares in the company, valued at $9,153,762.66. This trade represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,174 shares of company stock valued at $1,235,009 over the last quarter. 27.73% of the stock is owned by insiders.
Institutional Investors Weigh In On Great Southern Bancorp
Several institutional investors and hedge funds have recently modified their holdings of GSBC. BNP Paribas Financial Markets increased its stake in Great Southern Bancorp by 11.3% during the third quarter. BNP Paribas Financial Markets now owns 2,115 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 215 shares during the period. Virtu Financial LLC purchased a new stake in Great Southern Bancorp during the 3rd quarter worth approximately $221,000. SG Americas Securities LLC lifted its holdings in Great Southern Bancorp by 48.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,258 shares of the financial services provider’s stock worth $244,000 after buying an additional 1,398 shares in the last quarter. PDT Partners LLC boosted its position in Great Southern Bancorp by 33.1% in the 3rd quarter. PDT Partners LLC now owns 8,485 shares of the financial services provider’s stock valued at $486,000 after buying an additional 2,108 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Great Southern Bancorp by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,235 shares of the financial services provider’s stock worth $611,000 after acquiring an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.
Great Southern Bancorp Trading Down 5.6 %
The firm has a market cap of $683.92 million, a price-to-earnings ratio of 11.48 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50 day simple moving average is $62.01 and its 200 day simple moving average is $59.62.
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.
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