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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be given 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 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. 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 Trading Down 0.1 %

Shares of NASDAQ GSBC opened at $61.74 on Friday. The business has a fifty day moving average price of $61.74 and a 200 day moving average price of $58.42. 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 has a 1-year low of $48.19 and a 1-year high of $68.01. The stock has a market capitalization of $720.81 million, a P/E ratio of 12.11 and a beta of 0.65.

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

Insider Activity

In other news, CEO Joseph W. Turner sold 6,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 137,382 shares in the company, valued at $9,153,762.66. This represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Mark A. Maples sold 2,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $63.42, for a total value of $164,892.00. The disclosure for this sale can be found here. Insiders sold 19,174 shares of company stock worth $1,235,009 over the last three months. 27.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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