Market Overview

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

Related GSBC
Mid-Day Market Update: Coherent Jumps On Earnings Beat; Galena Biopharma Shares Plummet
Fifth Third Bank Sells Retail Operations in St. Louis; Keeps Wholesale and Institutional Services in Market, no terms

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

Apr 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Jan 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Oct 2014Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for GSBC
View the Latest Analyst Ratings

Posted-In: DA DavidsonAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (GSBC)

View Comments and Join the Discussion!

Partner Center