Great Southern Bancorp, Inc. (GSBC) to Issue Quarterly Dividend of $0.40 on January 14th

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, December 18th,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 yield of 2.67%. The ex-dividend date of this dividend is Monday, December 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 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 Price Performance

Shares of NASDAQ GSBC opened at $60.02 on Friday. 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 stock has a market cap of $700.73 million, a P/E ratio of 11.77 and a beta of 0.65. The stock has a 50 day moving average of $62.07 and a two-hundred day moving average of $58.79. Great Southern Bancorp has a twelve month low of $48.19 and a twelve month high of $68.01.

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

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their target price on Great Southern Bancorp from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, October 18th.

Insider Activity

In related news, CEO Joseph W. Turner sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $66.63, for a total value of $399,780.00. Following the completion of the sale, the chief executive officer now owns 137,382 shares in the company, valued at $9,153,762.66. This trade represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Mark A. Maples sold 2,074 shares of Great Southern Bancorp stock in a transaction that occurred 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 have sold a total of 19,174 shares of company stock valued at $1,235,009 over the last quarter. 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.