Great Southern Bancorp, Inc. (NASDAQ:GSBC) Vice President Kevin L. Baker recently engaged in stock transactions, according to a new SEC filing. Baker sold 625 shares of the company's common stock at an average price of $53.60, totaling $33,500.
On the same day, Baker also acquired 625 shares at a price of $32.59 per share, amounting to $20,368.75. These transactions indicate active trading by the Vice President of the subsidiary, and these are noteworthy to investors tracking insider activity.
The sales and purchases were part of Baker's trading plan and were reported in a Form 4 document filed with the Securities and Exchange Commission. The form, which was filed on April 25, 2024, details the transactions that occurred on April 23, 2024.
It's important to note that Baker's direct holdings after these transactions were adjusted to 13 shares of common stock. However, he also has indirect ownership through his 401(k) plan, which includes approximately 8,717 shares of Great Southern Bancorp's common stock, reflecting his vested interest in the company's performance.
The SEC filing also included information on derivative securities, specifically options to purchase common stock. However, the main focus for investors often remains on the actual stock sales and purchases, which provide a clearer picture of an executive's current stake in the company.
Great Southern Bancorp, headquartered in Springfield, Missouri, operates as a state commercial bank and is known for its financial services in the region. Investors and stakeholders often monitor the buying and selling patterns of company insiders as it may provide insights into their perspective on the company's current valuation and future prospects.
InvestingPro Insights
As investors scrutinize the recent insider trading activity of Great Southern Bancorp, Inc. (NASDAQ:GSBC), it's valuable to consider the broader financial landscape of the company. According to InvestingPro data, Great Southern Bancorp currently holds a market capitalization of $616.56 million, and its Price to Earnings (P/E) ratio stands at 10.24. This valuation metric slightly adjusted for the last twelve months as of Q1 2024 to 10.08, indicating a modest change in the company's earnings valuation over time.
Despite a challenging revenue environment with a -7.81% growth over the last twelve months as of Q1 2024, Great Southern Bancorp has maintained a strong dividend track record, having consistently paid out dividends for 35 consecutive years. This commitment to shareholders is underpinned by a notable dividend yield of 2.98% as of April 2024. This InvestingPro Tip highlights the company's ability to provide a steady income stream to investors, which can be particularly appealing in volatile market conditions.
Another InvestingPro Tip to consider is that analysts predict the company will be profitable this year, which is consistent with the company being profitable over the last twelve months. This forward-looking sentiment, coupled with a current P/E ratio that suggests relative undervaluation compared to the broader market, may offer a compelling narrative for potential investors.
For those seeking additional insights, there are more InvestingPro Tips available, which can be accessed with a subscription. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With this subscription, investors can delve into a comprehensive analysis of Great Southern Bancorp, including real-time metrics and expert commentary.
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