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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Monday, December 30th will be paid 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 dividend yield of 2.59%. The ex-dividend date is Monday, December 30th.

Great Southern Bancorp has increased its dividend payment by an average of 5.6% per year over the last three years. Great Southern Bancorp has a dividend 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 Stock Down 0.1 %

Shares of NASDAQ GSBC opened at $61.74 on Friday. The firm has a fifty day simple moving average of $61.74 and a two-hundred day simple moving average of $58.42. Great Southern Bancorp has a 12 month low of $48.19 and a 12 month high of $68.01. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $720.81 million, a PE ratio of 12.11 and a beta of 0.65.

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

Insider Transactions at Great Southern Bancorp

In related news, VP Mark A. Maples sold 2,600 shares of Great Southern Bancorp stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $63.42, for a total value of $164,892.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph W. Turner sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total value of $399,780.00. Following the completion of the transaction, the chief executive officer now directly owns 137,382 shares in the company, valued at $9,153,762.66. The trade was a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,174 shares of company stock valued at $1,235,009 in the last quarter. 27.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, October 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.