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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced 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 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, December 30th.

Great Southern Bancorp has raised its dividend by an average of 5.6% per year over the last three years. Great Southern Bancorp has a payout ratio of 31.2% indicating that 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 Performance

Shares of Great Southern Bancorp stock traded down $0.06 during midday trading on Thursday, hitting $61.74. The company had a trading volume of 34,452 shares, compared to its average volume of 27,349. The stock has a market cap of $720.81 million, a PE ratio of 12.11 and a beta of 0.65. Great Southern Bancorp has a 1-year low of $48.19 and a 1-year high of $68.01. The business’s 50 day simple moving average is $61.60 and its two-hundred day simple moving average is $58.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.93.

Great Southern Bancorp (NASDAQ:GSBC) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.41 earnings per share for the quarter, beating 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 analysts’ expectations of $54.75 million. During the same quarter last year, the company earned $1.33 earnings per share. As a group, equities analysts predict that Great Southern Bancorp will post 5.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Joseph W. Turner sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $66.63, for a total value of $399,780.00. Following the transaction, the chief executive officer now directly owns 137,382 shares of the company’s stock, valued at $9,153,762.66. The trade was a 4.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark A. Maples sold 2,074 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $67.19, for a total value of $139,352.06. The disclosure for this sale can be found here. Insiders sold a total of 19,174 shares of company stock worth $1,235,009 over the last quarter. Company insiders own 27.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on shares of Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note 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.