UPDATE: DA Davidson Initiates Great Southern Bancorp at Neutral on Expanded Footprint
DA Davidson initiated coverage on Great Southern Bancorp (NASDAQ: GSBC) with a Neutral rating and a $28.00 price target.
DA Davidson noted, "Over the past five years, Great Southern has evolved from a Missouri-only franchise with poor-quality funding and risky loan exposure to a 6-state regional bank with an improved deposit base and more dynamic yet stable loan and retail products. We believe the company is well-positioned to take market share, even with a less than robust outlook for the industry. We are establishing an initial target for GSBC at $28, which equals 14.4x and ~1.15x our initial 2014 EPS and TBV estimates."
Great Southern Bancorp closed at $26.19 on Thursday.
Latest Ratings for GSBC
|Oct 2014||Keefe Bruyette & Woods||Maintains||Market Perform|
|Dec 2013||Sandler O'Neill||Upgrades||Hold||Buy|
|Jul 2013||DA Davidson||Maintains||Neutral|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.