Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.34 per share by the financial services provider on Monday, October 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Great Southern Bancorp’s previous quarterly dividend of $0.32.
Great Southern Bancorp has raised its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Great Southern Bancorp has a payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Great Southern Bancorp to earn $4.50 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 30.2%.
NASDAQ GSBC traded up $0.74 during trading hours on Friday, reaching $56.56. 31,234 shares of the company’s stock were exchanged, compared to its average volume of 32,888. Great Southern Bancorp has a one year low of $43.30 and a one year high of $60.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day moving average is $56.91 and its two-hundred day moving average is $57.07. The company has a market capitalization of $784.68 million, a price-to-earnings ratio of 10.44 and a beta of 1.07.
Great Southern Bancorp (NASDAQ:GSBC) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.15. The firm had revenue of $52.08 million during the quarter, compared to the consensus estimate of $51.50 million. Great Southern Bancorp had a return on equity of 14.06% and a net margin of 28.97%. Research analysts predict that Great Southern Bancorp will post 4.84 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. BidaskClub downgraded Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th.
In related news, VP Kevin L. Baker sold 2,500 shares of Great Southern Bancorp stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $59.50, for a total value of $148,750.00. Following the transaction, the vice president now directly owns 636 shares of the company’s stock, valued at $37,842. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.23% of the stock is owned by insiders.
Great Southern Bancorp Company Profile
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.
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