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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 0.40 per share by the financial services provider on Tuesday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, April 1st.

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 31.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Great Southern Bancorp to earn $5.05 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 31.7%.

Great Southern Bancorp Trading Up 1.4 %

Shares of GSBC opened at $54.82 on Friday. The business’s 50-day moving average price is $52.23 and its 200 day moving average price is $52.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $643.04 million, a P/E ratio of 9.74 and a beta of 0.65. Great Southern Bancorp has a 1-year low of $45.38 and a 1-year high of $61.94.

Great Southern Bancorp (NASDAQ:GSBC) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.03). Great Southern Bancorp had a return on equity of 12.30% and a net margin of 20.74%. The firm had revenue of $83.05 million during the quarter. During the same period last year, the firm posted $1.84 EPS. Analysts expect that Great Southern Bancorp will post 4.57 earnings per share for the current year.

Insider Buying and Selling at Great Southern Bancorp

In other news, Director Thomas J. Carlson sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 100 shares of the company’s stock, valued at $5,423. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Great Southern Bancorp by 0.4% during the 1st quarter. BlackRock Inc. now owns 820,867 shares of the financial services provider’s stock valued at $41,602,000 after buying an additional 3,476 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Great Southern Bancorp by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 767,662 shares of the financial services provider’s stock worth $45,300,000 after acquiring an additional 32,267 shares in the last quarter. Vanguard Group Inc. boosted its position in Great Southern Bancorp by 2.6% during the third quarter. Vanguard Group Inc. now owns 522,687 shares of the financial services provider’s stock valued at $29,830,000 after purchasing an additional 13,420 shares during the last quarter. State Street Corp grew its stake in Great Southern Bancorp by 13.0% in the first quarter. State Street Corp now owns 322,839 shares of the financial services provider’s stock valued at $19,168,000 after purchasing an additional 37,201 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Great Southern Bancorp by 11.1% in the 1st quarter. Renaissance Technologies LLC now owns 301,600 shares of the financial services provider’s stock worth $17,797,000 after purchasing an additional 30,200 shares during the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.

Wall Street Analysts Forecast Growth

GSBC has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Great Southern Bancorp from $59.00 to $58.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. Piper Sandler decreased their target price on Great Southern Bancorp from $58.00 to $57.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th.

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.