Great Southern Bancorp, Inc. Announces Quarterly Dividend of $0.40 (NASDAQ:GSBC)

Great Southern Bancorp, Inc. (NASDAQ:GSBC) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.40 per share by the financial services provider on Tuesday, October 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Monday, September 30th.

Great Southern Bancorp has raised its dividend by an average of 5.6% annually over the last three years. Great Southern Bancorp has a dividend payout ratio of 32.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Great Southern Bancorp to earn $4.90 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 32.7%.

Great Southern Bancorp Stock Performance

NASDAQ:GSBC opened at $61.53 on Friday. Great Southern Bancorp has a fifty-two week low of $45.66 and a fifty-two week high of $65.90. The firm has a market cap of $717.32 million, a PE ratio of 12.09 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92. The business has a 50 day moving average price of $58.73 and a 200-day moving average price of $54.70.

Great Southern Bancorp (NASDAQ:GSBC) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.25. The company had revenue of $90.76 million during the quarter, compared to analyst estimates of $53.75 million. Great Southern Bancorp had a net margin of 17.42% and a return on equity of 10.62%. During the same period last year, the business earned $1.52 EPS. Equities research analysts predict that Great Southern Bancorp will post 5.09 earnings per share for the current year.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on shares of Great Southern Bancorp from $53.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th.

Insiders Place Their Bets

In other news, Director William V. Turner sold 6,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total value of $379,140.00. Following the transaction, the director now directly owns 214,532 shares in the company, valued at $13,556,277.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Great Southern Bancorp news, Director William V. Turner sold 6,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $63.19, for a total transaction of $379,140.00. Following the sale, the director now owns 214,532 shares of the company’s stock, valued at approximately $13,556,277.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William V. Turner sold 4,420 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $56.14, for a total transaction of $248,138.80. Following the sale, the director now directly owns 210,112 shares of the company’s stock, valued at $11,795,687.68. The disclosure for this sale can be found here. Insiders sold 15,670 shares of company stock valued at $958,706 over the last three months. 27.60% of the stock is owned by company insiders.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts.