Great Southern Bancorp Upped to Strong Buy - Analyst Blog


On May 16, 2014, Zacks Investment Research upgraded Great Southern Bancorp Inc. ( GSBC ) 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 other tailwinds.

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 period.

Other Stocks to Consider

Some other banking stocks worth considering include Anchor Bancorp ( ANCB ), Capital City Bank Group Inc. ( CCBG ) and Farmers Capital Bank Corporation ( FFKT ). All these banks sport a Zacks Rank #1.

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CAPITAL CITY BK (CCBG): Free Stock Analysis Report

FARMERS CAP KY (FFKT): Free Stock Analysis Report

GREAT SOUTH BCP (GSBC): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: ANCB , CCBG , FFKT , GSBC

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