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

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) posted 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 17.21% and a return on equity of 10.36%.

Great Southern Bancorp Stock Up 2.6 %

GSBC stock traded up $1.58 during trading hours on Tuesday, reaching $62.00. 57,401 shares of the stock were exchanged, compared to its average volume of 30,408. The firm's 50-day moving average is $62.04 and its 200-day moving average is $59.56. Great Southern Bancorp has a 12 month low of $48.19 and a 12 month high of $68.01. The company has a market cap of $724.16 million, a price-to-earnings ratio of 12.16 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.

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 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Monday, December 30th. Great Southern Bancorp's payout ratio is presently 31.37%.

Insider Activity

In other Great Southern Bancorp news, VP Mark A. Maples sold 2,600 shares of the business's 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 SEC, which is available through the SEC website. Also, CEO Joseph W. Turner sold 6,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total transaction of $399,780.00. Following the transaction, the chief executive officer now owns 137,382 shares of the company's stock, valued at approximately $9,153,762.66. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,174 shares of company stock worth $1,235,009 over the last three months. Corporate insiders own 27.73% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler cut their price objective on Great Southern Bancorp from $64.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, October 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.

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