Great Southern Bancorp (NASDAQ:GSBC) Stock Price Down 5.4% Following Weak Earnings

Great Southern Bancorp, Inc. (NASDAQ:GSBC) dropped 5.4% during trading on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $57.43 and last traded at $58.67. Approximately 8,679 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 28,305 shares. The stock had previously closed at $62.00.

The financial services provider reported $1.27 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th were issued a $0.40 dividend. 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 31.37%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price objective on Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, October 18th.

Insider Transactions at Great Southern Bancorp

In other Great Southern Bancorp news, CEO Joseph W. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total value of $399,780.00. Following the sale, the chief executive officer now owns 137,382 shares of the company’s stock, valued at $9,153,762.66. The trade was a 4.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mark A. Maples sold 2,074 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $67.19, for a total value of $139,352.06. The disclosure for this sale can be found here. Insiders have sold 19,174 shares of company stock valued at $1,235,009 over the last quarter. 27.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Great Southern Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in 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 valued at $611,000 after acquiring an additional 391 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Great Southern Bancorp by 11.4% in the 4th quarter. SG Americas Securities LLC now owns 4,745 shares of the financial services provider’s stock worth $283,000 after buying an additional 487 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Great Southern Bancorp by 98.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,779 shares of the financial services provider’s stock worth $1,076,000 after buying an additional 9,325 shares during the period. Virtu Financial LLC purchased a new stake in shares of Great Southern Bancorp in the 3rd quarter worth $221,000. Finally, Barclays PLC lifted its holdings in shares of Great Southern Bancorp by 136.6% in the 3rd quarter. Barclays PLC now owns 15,508 shares of the financial services provider’s stock worth $889,000 after buying an additional 8,954 shares during the period. Hedge funds and other institutional investors own 41.66% of the company’s stock.

Great Southern Bancorp Stock Down 4.8 %

The firm has a market capitalization of $689.24 million, a PE ratio of 11.57 and a beta of 0.65. The company has a fifty day simple moving average of $61.92 and a two-hundred day simple moving average 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.