Great Southern Bancorp (NASDAQ:GSBC) Releases Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Great Southern Bancorp reported quarterly earnings of $1.56 EPS, exceeding analysts' expectations of $1.55 by $0.01.
• The company increased its quarterly dividend from $0.40 to $0.43, resulting in an annualized dividend yield of 2.8%.
• Institutional investors have shown interest in the stock, with several acquiring new stakes and boosting their positions during recent quarters.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.01, Zacks reports. Great Southern Bancorp had a return on equity of 11.17% and a net margin of 19.18%.

Great Southern Bancorp Trading Down 0.2%

Shares of NASDAQ GSBC traded down $0.14 during trading on Wednesday, reaching $62.26. The company had a trading volume of 52,216 shares, compared to its average volume of 43,211. The company's fifty day moving average price is $61.53 and its 200-day moving average price is $58.48. Great Southern Bancorp has a 12 month low of $47.57 and a 12 month high of $68.01. The stock has a market cap of $705.28 million, a P/E ratio of 10.61 and a beta of 0.55. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

Great Southern Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Monday, September 29th were given a $0.43 dividend. This is a boost from Great Southern Bancorp's previous quarterly dividend of $0.40. The ex-dividend date was Monday, September 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.8%. Great Southern Bancorp's dividend payout ratio is presently 29.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods boosted 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, July 18th. Weiss Ratings reissued a "buy (b-)" rating on shares of Great Southern Bancorp in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Great Southern Bancorp from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.50.

Institutional Investors Weigh In On Great Southern Bancorp

Institutional investors have recently made changes to their positions 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. Quantinno Capital Management LP bought a new stake in shares of Great Southern Bancorp during the 2nd quarter valued at about $561,000. Marshall Wace LLP bought a new stake in shares of Great Southern Bancorp during the 2nd quarter valued at about $524,000. Lazard Asset Management LLC boosted its position in shares of Great Southern Bancorp by 3,619.3% during the 2nd quarter. Lazard Asset Management LLC now owns 7,327 shares of the financial services provider's stock valued at $430,000 after purchasing an additional 7,130 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Great Southern Bancorp during the 2nd quarter valued at about $367,000. 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.

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