Bullish indicating open at $55-$60, IPO prices at $37
Kevin L. Baker, Vice President of a subsidiary of Great Southern Bancorp, Inc. (NASDAQ:GSBC), a regional bank with a market capitalization of $709 million, reported a significant sale of company stock. On February 6, Baker sold 5,000 shares of common stock, generating proceeds of $300,094 at a price of $60.0188 per share. According to InvestingPro analysis, GSBC currently trades below its Fair Value, with a moderate P/E ratio of 11.5x.
In addition to the sale, Baker exercised options to acquire 5,000 shares of common stock, with exercise prices ranging from $41.30 to $50.71. The total value of these transactions was $230,025.
Following these transactions, Baker holds 14 shares directly and an additional 9,104 shares indirectly through a 401(k) plan.
In other recent news, Great Southern Bancorp’s Q4 2024 earnings report revealed a slight miss on earnings per share (EPS), despite surpassing revenue expectations. The actual EPS was $1.27, falling short of the forecasted $1.32, while revenue reached $56.47 million, exceeding the expected $55.33 million. These recent developments show a mixed performance, suggesting strong sales but potential cost pressures affecting profitability.
The company’s net interest margin improved year-over-year, and asset quality remained strong, indicating effective risk management. However, total deposits decreased by $91.9 million, highlighting funding challenges.
Despite these challenges, Great Southern Bancorp demonstrated resilience in 2024, with full-year net income reaching $61.8 million, translating to $5.26 per share. Looking ahead, the company anticipates a stable margin outlook with potential slight improvements. It expects approximately $2 million in quarterly interest income from a terminated swap through Q3 2025. Loan growth is projected at around 2% for 2025.
CEO Joe Turner and CFO Rex have provided insights into the financial results and future expectations, maintaining a neutral outlook on the company’s performance.
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