Great Southern Bancorp (NASDAQ:GSBC) Posts Earnings Results, Beats Estimates By $0.35 EPS

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.35, Zacks reports. Great Southern Bancorp had a return on equity of 11.24% and a net margin of 19.18%. The company had revenue of $59.18 million during the quarter, compared to the consensus estimate of $55.61 million.

Great Southern Bancorp Stock Performance

Shares of Great Southern Bancorp stock traded down $1.66 during trading hours on Friday, hitting $60.51. 78,974 shares of the company's stock traded hands, compared to its average volume of 37,121. Great Southern Bancorp has a 12-month low of $47.57 and a 12-month high of $68.02. The stock has a market capitalization of $694.05 million, a price-to-earnings ratio of 10.31 and a beta of 0.53. The company has a fifty day simple moving average of $58.30 and a 200-day simple moving average of $57.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, June 30th. Great Southern Bancorp's dividend payout ratio (DPR) is presently 27.26%.

Analysts Set New Price Targets

A number of research firms have weighed in on GSBC. Wall Street Zen raised shares of Great Southern Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods increased their price target on Great Southern Bancorp from $61.00 to $63.00 and gave the stock a "market perform" rating in a report on Friday. Finally, Piper Sandler cut their price target on Great Southern Bancorp from $62.00 to $58.00 and set a "neutral" rating on the stock in a report on Monday, April 21st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Great Southern Bancorp during the 1st quarter valued at about $1,146,000. Empowered Funds LLC lifted its position in Great Southern Bancorp by 68.5% in the 1st quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider's stock worth $755,000 after buying an additional 5,546 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Great Southern Bancorp by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider's stock worth $284,000 after buying an additional 234 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Great Southern Bancorp by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider's stock worth $801,000 after buying an additional 1,114 shares during the last quarter. Hedge funds and other institutional investors own 41.66% of the company's stock.

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.