Great Southern Bancorp, Inc. (GSBC) to Issue Quarterly Dividend of $0.40 on October 18th

Great Southern Bancorp, Inc. (NASDAQ:GSBCGet Rating) announced a quarterly dividend on Wednesday, September 21st, Wall Street Journal reports. Shareholders of record on Monday, October 3rd will be given a dividend of 0.40 per share by the financial services provider on Tuesday, October 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, September 30th.

Great Southern Bancorp has raised its dividend payment by an average of 5.3% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Great Southern Bancorp has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Great Southern Bancorp to earn $6.39 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 25.0%.

Great Southern Bancorp Trading Down 0.3 %

NASDAQ:GSBC opened at $60.24 on Friday. The stock’s 50 day moving average price is $60.74 and its 200 day moving average price is $59.49. Great Southern Bancorp has a 52 week low of $50.30 and a 52 week high of $63.95. The company has a market capitalization of $742.16 million, a P/E ratio of 11.22 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.94 and a current ratio of 0.94.

Insider Buying and Selling at Great Southern Bancorp

In other Great Southern Bancorp news, Director William V. Turner sold 6,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $62.26, for a total transaction of $373,560.00. Following the transaction, the director now owns 240,180 shares in the company, valued at $14,953,606.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP John M. Bugh sold 1,500 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $62.21, for a total value of $93,315.00. Following the completion of the transaction, the vice president now directly owns 1,790 shares of the company’s stock, valued at $111,355.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William V. Turner sold 6,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $62.26, for a total value of $373,560.00. Following the completion of the transaction, the director now directly owns 240,180 shares of the company’s stock, valued at $14,953,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 17,700 shares of company stock worth $1,106,433 over the last 90 days. Insiders own 25.82% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in Great Southern Bancorp by 20.5% in the second quarter. Goldman Sachs Group Inc. now owns 66,517 shares of the financial services provider’s stock worth $3,895,000 after purchasing an additional 11,330 shares during the period. Jane Street Group LLC bought a new position in shares of Great Southern Bancorp during the second quarter valued at $502,000. Cubist Systematic Strategies LLC bought a new position in shares of Great Southern Bancorp during the second quarter valued at $199,000. Millennium Management LLC bought a new position in shares of Great Southern Bancorp during the second quarter valued at $806,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Great Southern Bancorp by 9.1% during the second quarter. UBS Asset Management Americas Inc. now owns 17,288 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 1,449 shares during the period. 43.12% of the stock is owned by institutional investors.

Great Southern Bancorp Company Profile

(Get Rating)

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers 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.

Further Reading

Dividend History for Great Southern Bancorp (NASDAQ:GSBC)

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