Great Southern Bancorp, Inc. (NASDAQ:GSBC) to Issue $0.40 Quarterly Dividend

Great Southern Bancorp, Inc. (NASDAQ:GSBC) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.40 per share by the financial services provider on Monday, April 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, March 31st.

Great Southern Bancorp has raised its dividend by an average of 4.6% annually over the last three years. Great Southern Bancorp has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Great Southern Bancorp to earn $5.33 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 30.0%.

Great Southern Bancorp Price Performance

Shares of GSBC opened at $56.48 on Friday. The firm has a fifty day moving average price of $58.47 and a 200 day moving average price of $59.51. The stock has a market cap of $655.06 million, a PE ratio of 10.74 and a beta of 0.62. Great Southern Bancorp has a 1-year low of $49.74 and a 1-year high of $68.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93.

Great Southern Bancorp (NASDAQ:GSBC) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.05). Great Southern Bancorp had a net margin of 17.40% and a return on equity of 10.62%. As a group, sell-side analysts anticipate that Great Southern Bancorp will post 5.24 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their target price on shares of Great Southern Bancorp from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd.

Insider Activity

In related news, VP Kevin L. Baker sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $60.02, for a total value of $300,100.00. Following the transaction, the vice president now owns 14 shares in the company, valued at $840.28. The trade was a 99.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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.