SPRINGFIELD, Mo.—Mark A. Maples, Vice President of a subsidiary at Great Southern Bancorp, Inc. (NASDAQ:GSBC), recently executed a series of stock transactions, according to a recent SEC filing.
On November 27, Maples sold 2,600 shares of Great Southern Bancorp’s common stock, generating proceeds of approximately $164,887 at a price of $63.42 per share. This sale followed several acquisitions, where Maples acquired a total of 2,600 shares at prices ranging from $57.98 to $61.55 per share, amounting to a total acquisition value of $155,492. Following these transactions, Maples no longer holds any shares directly.
These moves are part of a series of transactions involving both the acquisition and disposition of shares, as disclosed in the Form 4 filing with the Securities and Exchange Commission.
In other recent news, Great Southern Bancorp reported robust Q3 2024 results, with earnings of $1.41 per diluted share and a net income of $16.5 million, an increase from the same quarter the previous year. The bank's assets exceeded $6 billion, and net interest income rose by 2.6% to $48 million. Piper Sandler, after reviewing the company's financial performance, maintained a Neutral rating on the stock but reduced the price target to $62 from $64.
The firm cited an improved margin outlook, stronger loan growth, and lower expenses as reasons for updating its financial model for Great Southern Bancorp. However, Piper Sandler also removed share repurchases from the forecast for the coming quarters, in anticipation of the bank prioritizing capital retention and liquidity.
Despite the reduced price target, Piper Sandler increased its earnings per share (EPS) estimates for Great Southern Bancorp for 2024 and 2025, and introduced a 2026 EPS estimate of $6.00. The bank also declared a quarterly dividend of $0.40 per share. These are some of the recent developments concerning Great Southern Bancorp.
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