Great Southern Bancorp (NASDAQ:GSBC) Trading Down 5.4% on Disappointing Earnings

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) traded down 5.4% during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $57.43 and last traded at $58.67. 8,679 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 28,305 shares. The stock had previously closed at $62.00.

The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.05). Great Southern Bancorp had a net margin of 17.21% and a return on equity of 10.36%.

Great Southern Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.71%. Great Southern Bancorp's dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price objective on Great Southern Bancorp from $64.00 to $62.00 and set a "neutral" rating on the stock in a research note on Friday, October 18th.

Insider Transactions at Great Southern Bancorp

In other news, CEO Joseph W. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction on 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 in the company, valued at approximately $9,153,762.66. The trade was a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark A. Maples sold 2,600 shares of Great Southern Bancorp stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $63.42, for a total value of $164,892.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,174 shares of company stock valued at $1,235,009. Corporate insiders own 27.73% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Great Southern Bancorp by 11.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,115 shares of the financial services provider's stock worth $121,000 after acquiring an additional 215 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Great Southern Bancorp during the 3rd quarter worth about $221,000. SG Americas Securities LLC boosted its stake in shares of 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 acquiring an additional 1,398 shares in the last quarter. PDT Partners LLC boosted its stake in shares of Great Southern Bancorp by 33.1% during the 3rd quarter. PDT Partners LLC now owns 8,485 shares of the financial services provider's stock worth $486,000 after acquiring an additional 2,108 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Great Southern Bancorp by 4.0% during the 4th 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 Stock Performance

The company has a market cap of $689.24 million, a P/E ratio of 11.57 and a beta of 0.65. The firm has a 50 day moving average price of $61.92 and a 200-day moving average price of $59.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 0.93.

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.