Great Southern Bancorp, Inc. (GSBC) to Issue Quarterly Dividend of $0.40 on October 15th

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors 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 dividend yield of 2.81%. The ex-dividend date is Monday, September 30th.

Great Southern Bancorp has increased its dividend payment by an average of 5.6% annually over the last three years. Great Southern Bancorp has a dividend payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Equities 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

GSBC opened at $56.92 on Friday. The stock has a market cap of $663.57 million, a P/E ratio of 11.18 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $58.40 and its 200 day simple moving average is $54.97. Great Southern Bancorp has a 1-year low of $46.41 and a 1-year high of $65.90.

Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.25. The business had revenue of $90.76 million for the quarter, compared to analysts’ expectations of $53.75 million. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. During the same quarter in the prior year, the firm posted $1.52 EPS. As a group, equities analysts anticipate that Great Southern Bancorp will post 5.09 EPS for the current fiscal year.

Insider Activity at Great Southern Bancorp

In related news, Director William V. Turner sold 4,420 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $56.14, for a total value of $248,138.80. Following the sale, the director now owns 210,112 shares of the company’s stock, valued at approximately $11,795,687.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Great Southern Bancorp news, Director William V. Turner sold 4,420 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $56.14, for a total transaction of $248,138.80. Following the transaction, the director now owns 210,112 shares of the company’s stock, valued at approximately $11,795,687.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $379,140.00. Following the transaction, the director now directly owns 214,532 shares in the company, valued at approximately $13,556,277.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,670 shares of company stock valued at $958,706. 27.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on Great Southern Bancorp from $53.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th.

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.