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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be given a dividend of 0.40 per share by the financial services provider on Tuesday, January 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Monday, December 30th.

Great Southern Bancorp has raised its dividend payment by an average of 5.6% annually over the last three years. Great Southern Bancorp has a payout ratio of 31.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Great Southern Bancorp to earn $5.18 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 30.9%.

Great Southern Bancorp Trading Down 0.1 %

Shares of GSBC traded down $0.06 on Thursday, reaching $61.74. 34,452 shares of the company’s stock were exchanged, compared to its average volume of 27,349. The stock has a market capitalization of $720.81 million, a P/E ratio of 12.11 and a beta of 0.65. Great Southern Bancorp has a 12 month low of $48.19 and a 12 month high of $68.01. The business has a 50 day moving average price of $61.60 and a two-hundred day moving average price of $58.39. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.15. The company had revenue of $90.79 million during the quarter, compared to analyst estimates of $54.75 million. Great Southern Bancorp had a net margin of 17.21% and a return on equity of 10.36%. During the same quarter in the previous year, the business earned $1.33 EPS. Research analysts anticipate that Great Southern Bancorp will post 5.3 earnings per share for the current year.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price target on Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th.

Insider Buying and Selling

In other news, VP Mark A. Maples sold 2,074 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $67.19, for a total transaction of $139,352.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julie A. Brown sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $61.05, for a total transaction of $152,625.00. Following the completion of the sale, the director now directly owns 32,896 shares in the company, valued at approximately $2,008,300.80. This represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,174 shares of company stock worth $1,235,009 over the last ninety days. Company insiders own 27.60% of the company’s stock.

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.