On May 16, 2014, Zacks Investment Research upgraded
Great Southern Bancorp Inc.
) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Great Southern Bancorp has been witnessing rising earnings
estimates on the back of strong first-quarter 2014 results. The
stock has a long-term expected earnings growth rate of 9.0%.
Further, Great Southern Bancorp has delivered positive earnings
surprises in the last 4 quarters with an average beat of 27.1%.
Great Southern Bancorp reported first-quarter results on Apr 21
with earnings per share of 63 cents, beating the Zacks Consensus
Estimate by 23.5%. Moreover, this was also up 5.0% from the
year-ago earnings of 60 cents.
Results benefited mainly from 79.4% year over year decrease in
provision for loan losses and almost in line non-interest expenses.
Further, improved asset quality and strong capital ratios were
Non-performing assets to period-end assets was 1.48%, down 33 basis
points (bps). Also, allowance for loan losses was 1.76% to
period-end loans, declining 39 bps. Further, Great Southern Bancorp
recorded improvement in profitability ratios as well.
On the flip side, lower net interest income and a drastic decline
in non-interest income dragged the results down.
During the last 30 days, the Zacks Consensus Estimate for 2014
increased 9.9% to $2.23 per share. For 2015, the Zacks Consensus
Estimate remained stable at $2.12 per share over the same time
Other Stocks to Consider
Some other banking stocks worth considering include
Capital City Bank Group Inc.
Farmers Capital Bank Corporation
). All these banks sport a Zacks Rank #1.
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