Mark A Maples, Vice President of a subsidiary of Great Southern Bancorp, Inc. (NASDAQ:GSBC), has recently sold 250 shares of the company's common stock, garnering more than $15,000 from the transaction. The shares were sold at a price of $61.507 each, as indicated by the latest SEC filings.
The transaction took place on July 22, 2024, and was part of Maples's trading activities that included both acquiring and disposing of Great Southern Bancorp's shares. On the same day, Maples also exercised options, acquiring another 250 shares of common stock at a price of $41.74 per share, amounting to a total of $10,435.
Investors often monitor the buying and selling activities of company executives as these transactions can provide insight into the insider's perspective on the company's current valuation and future prospects. The sale of shares by Maples might catch the attention of current and potential shareholders, as executive transactions are closely watched components of market analysis.
Great Southern Bancorp, headquartered in Springfield, Missouri, operates as a state commercial bank and is incorporated in Maryland. The company's business address is on East Battlefield in Springfield, with a business phone listed as 417-887-4400.
The SEC filing also disclosed information on derivative securities, which are typically options or other rights to acquire shares at a future date and price. Maples has holdings in various options to purchase Great Southern Bancorp's common stock, with expiration dates ranging from 2028 to 2033 and exercise prices varying from $41.74 to $61.55.
The financial details of the transactions provide a snapshot of the executive's stock-based compensation and investment decisions. However, the implications of these transactions for individual investors should be considered within the broader context of the company's performance, market conditions, and other factors that can influence stock prices.
In other recent news, Great Southern Bancorp outperformed expectations with its second quarter 2024 earnings. The financial institution reported an earnings per share (EPS) of $1.45. However, after adjusting for core conversion items, the EPS stands at $1.33, surpassing Piper Sandler's estimate by $0.09 and the Wall Street consensus by $0.12.
The company's financial outcomes were positively swayed by a negative $0.6 million provision for credit losses, which added $0.11 per share to the earnings. This contrasted with Piper Sandler's anticipation of a $1.0 million provision. Great Southern Bancorp also experienced net recoveries during the quarter.
The bank saw an increase in fee income, slightly exceeding expectations by $0.01. However, core operating expenses were higher than anticipated, exceeding Piper Sandler's projections by $0.06. A lower tax rate than expected also played a role, contributing an additional $0.03 to the EPS.
Despite an uptick in core expenses, the company's financial health was strengthened by net recoveries and a favorable tax environment. Piper Sandler maintained a Neutral rating on the stock, with a steady price target of $53.00, reflecting consistency in their view of the stock's valuation following the recent quarterly results.
InvestingPro Insights
Following the recent insider trading activity at Great Southern Bancorp, Inc. (NASDAQ:GSBC), investors may be curious about the company's current financial health and future outlook. InvestingPro data reveals a market capitalization of $727.27 million and a P/E ratio of 12.36, which adjusts to 12.02 when looking at the last twelve months as of Q2 2024. This could suggest a potentially attractive valuation for investors considering the stock's recent performance.
One of the notable InvestingPro Tips for GSBC highlights that analysts have revised their earnings upwards for the upcoming period, which may indicate a positive sentiment regarding the company's earning potential. Additionally, despite concerns over weak gross profit margins, GSBC has maintained dividend payments for 35 consecutive years, providing a steady income stream for shareholders with a dividend yield of 2.56% as of the latest data. This track record could be a sign of financial stability and commitment to returning value to shareholders.
Investors looking to delve deeper into Great Southern Bancorp's financial metrics and gain more insights can explore further with InvestingPro. There are additional InvestingPro Tips available, which could provide a more comprehensive understanding of the company's performance and prospects. To enhance your investment research experience, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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