UPDATE: DA Davidson Initiates Great Southern Bancorp at Neutral on Expanded Footprint

Loading...
Loading...
DA Davidson initiated coverage on Great Southern Bancorp
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.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorInitiationIntraday UpdateAnalyst RatingsDA Davidson
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...