SPRINGFIELD, Mo.—William V. Turner, a director at Great Southern Bancorp, Inc. (NASDAQ:GSBC), recently sold 6,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $63.06, totaling approximately $378,351. Following the transaction, Turner holds 210,112 shares directly.
In a related transaction, Turner acquired 6,000 shares through the exercise of stock options at a price of $50.71 per share, with a total transaction value of $304,260. These transactions were carried out on November 14, 2024.
Turner also maintains indirect ownership of 9,153 shares through a 401(k) plan.
In other recent news, Great Southern Bancorp has been the subject of revised expectations by Piper Sandler. The firm has reduced the price target for the bank from $64 to $62, while maintaining a Neutral rating. This adjustment follows the firm's review of Great Southern Bancorp's third-quarter results and updates to its financial model. Despite this, Piper Sandler has raised its earnings per share (EPS) estimates for the bank for the years 2024 and 2025. The new estimates anticipate an EPS of $5.33 for 2024 and $5.35 for 2025, with a 2026 EPS estimate of $6.00 introduced.
The bank has also reported robust Q3 2024 performance. Earnings were $1.41 per diluted share, with a net income of $16.5 million. This marks an increase from $1.33 per share in the same quarter last year. The bank's assets have now surpassed $6 billion, with net interest income rising 2.6% to $48 million.
These are recent developments for Great Southern Bancorp. The bank's management remains focused on controlling costs and managing a competitive deposit environment. They expect the effective tax rate to remain around 18.0% to 20.0%. However, it's important to note that non-interest income saw a decrease of $860,000 from Q3 2023, primarily due to lower overdraft fees and debit card income. Despite this, gains on loan sales rose by $292,000.
InvestingPro Insights
As William V. Turner adjusts his position in Great Southern Bancorp, Inc. (NASDAQ:GSBC), investors may find value in examining the company's current financial standing. According to InvestingPro data, GSBC boasts a market capitalization of $742.51 million and a price-to-earnings ratio of 12.42, suggesting a relatively modest valuation compared to industry peers.
One of the standout features of GSBC is its commitment to shareholder returns. An InvestingPro Tip highlights that the company has maintained dividend payments for 35 consecutive years, a testament to its financial stability and shareholder-friendly policies. This is further supported by the current dividend yield of 2.53%, which may attract income-focused investors.
Despite a recent revenue decline of 8.49% over the last twelve months, GSBC maintains a strong operating income margin of 36.77%. This efficiency in operations, coupled with the company's profitability over the past year, aligns with another InvestingPro Tip indicating that analysts predict the company will remain profitable this year.
For investors seeking a deeper understanding of GSBC's potential, InvestingPro offers additional insights, with 12 more tips available for subscribers looking to make informed investment decisions.
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