Great Southern Bancorp (NASDAQ:GSBC) Announces Quarterly Earnings Results

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) released its earnings results on Wednesday. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.35, Zacks reports. The business had revenue of $59.18 million during the quarter, compared to the consensus estimate of $55.61 million. Great Southern Bancorp had a net margin of 18.32% and a return on equity of 10.95%.

Great Southern Bancorp Stock Performance

Great Southern Bancorp stock traded up $2.65 during midday trading on Thursday, hitting $61.83. The company's stock had a trading volume of 65,748 shares, compared to its average volume of 36,343. Great Southern Bancorp has a 1-year low of $47.57 and a 1-year high of $68.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50-day moving average price of $58.13 and a two-hundred day moving average price of $57.45. The company has a market cap of $709.13 million, a price-to-earnings ratio of 10.99 and a beta of 0.53.

Great Southern Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Monday, June 30th. Great Southern Bancorp's dividend payout ratio is presently 28.57%.

Institutional Trading of Great Southern Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 purchasing an additional 234 shares in the last quarter. Empowered Funds LLC raised its stake 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 purchasing an additional 5,546 shares in the last quarter. AQR Capital Management LLC raised its stake 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 purchasing an additional 1,114 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Great Southern Bancorp in the 1st quarter valued at about $1,146,000. Institutional investors and hedge funds own 41.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.