Great Southern Bancorp, Inc. (NASDAQ:GSBC) to Issue $0.40 Quarterly Dividend

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.40 per share by the financial services provider on Monday, April 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, March 31st.

Great Southern Bancorp has raised its dividend by an average of 4.6% per year over the last three years. Great Southern Bancorp has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Great Southern Bancorp to earn $5.33 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 30.0%.

Great Southern Bancorp Trading Down 1.1 %

Shares of GSBC traded down $0.61 during mid-day trading on Friday, hitting $56.53. 102,831 shares of the company's stock traded hands, compared to its average volume of 27,694. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. Great Southern Bancorp has a 1 year low of $49.74 and a 1 year high of $68.02. The firm has a market capitalization of $655.63 million, a P/E ratio of 10.75 and a beta of 0.62. The business's 50-day moving average price is $58.70 and its 200-day moving average price is $59.51.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.05). Great Southern Bancorp had a return on equity of 10.62% and a net margin of 17.40%. As a group, sell-side analysts forecast that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their price target on Great Southern Bancorp from $67.00 to $64.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd.

Insider Buying and Selling

In related news, VP Kevin L. Baker sold 5,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $60.02, for a total value of $300,100.00. Following the sale, the vice president now directly owns 14 shares of the company's stock, valued at $840.28. This represents a 99.72 % 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. 27.60% 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 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.