Great Southern Bancorp (NASDAQ:GSBC) CEO Joseph Turner Sells 6,000 Shares

Key Points

• CEO Joseph Turner sold 6,000 shares on April 30 at an average price of $68.16 for $408,960, trimming his holding by 4.22% to 136,182 shares valued at about $9.28 million.
• Quarterly results beat estimates — Great Southern reported $1.58 EPS vs. $1.27 expected and $55.36M revenue, and the company has a market cap of roughly $756.9M with a P/E of 10.94.
• The firm pays a $0.43 quarterly dividend (annualized $1.72, ~2.5% yield) and the stock trades near recent highs (~$69), with analysts holding an average "Buy" rating and a $65 consensus target.

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) CEO Joseph Turner sold 6,000 shares of the business's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $68.16, for a total value of $408,960.00. Following the completion of the sale, the chief executive officer directly owned 136,182 shares in the company, valued at $9,282,165.12. This represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Great Southern Bancorp Price Performance

GSBC stock traded up $0.82 during trading hours on Friday, hitting $69.04. 94,234 shares of the stock traded hands, compared to its average volume of 74,825. The stock has a 50-day simple moving average of $64.16 and a 200 day simple moving average of $62.20. Great Southern Bancorp, Inc. has a one year low of $53.60 and a one year high of $70.91. The company has a market cap of $756.89 million, a P/E ratio of 10.94 and a beta of 0.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.27 by $0.31. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.31%. The firm had revenue of $55.36 million for the quarter, compared to analysts' expectations of $54.75 million. Equities analysts forecast that Great Southern Bancorp, Inc. will post 5.84 earnings per share for the current year.

Great Southern Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, March 30th. Great Southern Bancorp's payout ratio is presently 27.26%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GSBC shares. Zacks Research upgraded shares of Great Southern Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods raised their price objective on Great Southern Bancorp from $63.00 to $65.00 and gave the stock a "market perform" rating in a research note on Friday, April 17th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Great Southern Bancorp in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Great Southern Bancorp currently has an average rating of "Buy" and a consensus target price of $65.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in Great Southern Bancorp in the 3rd quarter worth approximately $1,072,000. American Century Companies Inc. raised its stake in Great Southern Bancorp by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 271,310 shares of the financial services provider's stock valued at $16,618,000 after purchasing an additional 24,131 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Great Southern Bancorp by 101.5% in the third quarter. JPMorgan Chase & Co. now owns 16,452 shares of the financial services provider's stock valued at $1,008,000 after purchasing an additional 8,287 shares in the last quarter. Dean Capital Management lifted its holdings in shares of Great Southern Bancorp by 17.7% in the third quarter. Dean Capital Management now owns 37,292 shares of the financial services provider's stock valued at $2,284,000 after purchasing an additional 5,614 shares in the last quarter. Finally, Legato Capital Management LLC boosted its position in shares of Great Southern Bancorp by 17.7% in the third quarter. Legato Capital Management LLC now owns 23,342 shares of the financial services provider's stock worth $1,430,000 after buying an additional 3,513 shares during the period. 41.66% of the stock is currently owned by institutional investors and hedge funds.

About Great Southern Bancorp

Great Southern Bancorp, Inc NASDAQ: GSBC is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank's core business activities include deposit-taking, lending and treasury management.

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