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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Monday, September 30th will be paid 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 raised its dividend payment by an average of 5.6% annually over the last three years. Great Southern Bancorp has a payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Price 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. Great Southern Bancorp has a 12 month low of $46.41 and a 12 month high of $65.90. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $58.40 and a 200 day simple moving average of $55.00.

Great Southern Bancorp (NASDAQ:GSBC) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.25. Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.42%. The company had revenue of $90.76 million during the quarter, compared to the consensus estimate of $53.75 million. During the same period in the prior year, the company earned $1.52 earnings per share. On average, research analysts expect that Great Southern Bancorp will post 5.09 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Earl A. Steinert, Jr. sold 5,000 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $63.21, for a total value of $316,050.00. Following the sale, the director now owns 939,596 shares of the company’s stock, valued at approximately $59,391,863.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director William V. Turner sold 4,420 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $56.14, for a total transaction of $248,138.80. Following the completion of the transaction, the director now directly owns 210,112 shares in the company, valued at approximately $11,795,687.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Earl A. Steinert, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $63.21, for a total value of $316,050.00. Following the completion of the transaction, the director now owns 939,596 shares of the company’s stock, valued at approximately $59,391,863.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,670 shares of company stock worth $958,706. Corporate insiders own 27.60% of the company’s stock.

About Great Southern Bancorp

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.