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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders 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 yield of 2.76%.

Great Southern Bancorp has raised its dividend by an average of 4.6% per year over the last three years. Great Southern Bancorp has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.8 %

GSBC stock traded up $0.47 during mid-day trading on Wednesday, reaching $57.93. 53,042 shares of the stock traded hands, compared to its average volume of 27,431. 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 has a 52-week low of $49.74 and a 52-week high of $68.02. The company has a market cap of $671.87 million, a P/E ratio of 11.01 and a beta of 0.62. The stock’s fifty day moving average is $58.75 and its 200-day moving average is $59.55.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.27 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 expect that Great Southern Bancorp will post 5.24 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Transactions at Great Southern Bancorp

In other news, VP Kevin L. Baker sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $60.02, for a total value of $300,100.00. Following the completion of the sale, the vice president now directly owns 14 shares of the company’s stock, valued at $840.28. This represents a 99.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.60% of the stock is owned by 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.