SPRINGFIELD, Mo.—Rex A. Copeland, the Treasurer and Senior Vice President of a subsidiary at Great Southern Bancorp, Inc. (NASDAQ:GSBC), recently executed a series of stock transactions involving the company's common stock. According to a recent SEC filing, Copeland sold 4,200 shares on November 6, 2024, at an average price of $66.59 per share. This sale amounted to a total value of approximately $279,677.
Additionally, Copeland exercised options to purchase 4,200 shares at a price of $50.71 per share on the same day. Following these transactions, Copeland holds 22,268 shares directly. These activities are part of routine financial management by insiders, reflecting both the exercise of stock options and the strategic sale of shares.
In other recent news, Great Southern Bancorp reported a robust third-quarter performance, with earnings per share (EPS) of $1.41 and a net income of $16.5 million. This is an improvement from $1.33 per share in the same quarter last year. The company's assets have exceeded $6 billion, and net interest income has increased by 2.6% to $48 million. Moreover, the bank declared a quarterly dividend of $0.40 per share.
Piper Sandler, in its updated financial model, revised its EPS estimates for Great Southern Bancorp for the years 2024 and 2025. The new estimates are increased by $0.23 and $0.40, respectively, resulting in anticipated EPS of $5.33 for 2024 and $5.35 for 2025. The firm also introduced a 2026 EPS estimate of $6.00. Despite the improved earnings outlook, the price target was lowered due to lower multiples among Midwestern peer banks.
In terms of credit risk management, Great Southern Bank has seen a decrease in nonperforming assets to 0.13% of total assets. However, non-interest income saw a decrease of $860,000 from Q3 2023, primarily due to lower overdraft fees and debit card income. On the other hand, gains on loan sales rose by $292,000. These are some of the recent developments for Great Southern Bancorp.
InvestingPro Insights
As Rex A. Copeland's recent transactions reflect the dynamic nature of insider activity at Great Southern Bancorp, Inc. (NASDAQ:GSBC), it's worth examining some key financial metrics and insights provided by InvestingPro to gain a broader perspective on the company's performance.
Great Southern Bancorp has demonstrated strong market performance recently, with InvestingPro data showing a significant 11.37% return over the last week and an impressive 15.33% return over the last month. This positive momentum aligns with the company's solid fundamentals, as evidenced by its P/E ratio of 12.52, suggesting the stock may be reasonably valued compared to its earnings.
InvestingPro Tips highlight that GSBC has maintained dividend payments for 35 consecutive years, a testament to the company's financial stability and commitment to shareholder returns. This consistent dividend history is particularly noteworthy given the current dividend yield of 2.51%, which may attract income-focused investors.
While the company's revenue growth has seen a slight decline, with a -7.43% change in the last twelve months, GSBC remains profitable. An InvestingPro Tip indicates that analysts predict the company will continue to be profitable this year, which could provide some reassurance to investors considering the recent insider transactions.
For those seeking a more comprehensive analysis, InvestingPro offers additional insights with 7 more tips available for Great Southern Bancorp. These tips could provide valuable context for understanding the company's financial health and future prospects.
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