Great Southern Bancorp, Inc. (NASDAQ:GSBC) Declares Quarterly Dividend of $0.43

Key Points

• Great Southern Bancorp declared a quarterly dividend of $0.43 per share, payable October 14 to shareholders of record on September 28. The dividend implies an annualized payout of $1.72 and a 2.2% yield.
• The dividend appears well covered, with a current payout ratio of 32.4% and an expected future payout ratio of 30.7%, based on analysts’ projected earnings of $5.60 per share.
• Analyst sentiment is cautious: the stock carries a consensus “Hold” rating and a $74 target price, below its reported opening price of $79.15.

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Monday, September 28th will be paid a dividend of 0.43 per share by the financial services provider on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, September 28th.

Great Southern Bancorp has decreased its dividend payment by an average of 0.1%annually over the last three years. Great Southern Bancorp has a dividend payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Great Southern Bancorp to earn $5.60 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 30.7%.

Great Southern Bancorp Trading Down 1.7%

Great Southern Bancorp stock opened at $79.15 on Thursday. The company's fifty day simple moving average is $79.48 and its 200-day simple moving average is $72.60. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. Great Southern Bancorp has a 12 month low of $53.76 and a 12 month high of $82.91. The stock has a market cap of $862.74 million, a P/E ratio of 13.15 and a beta of 0.48.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.19. The business had revenue of $56.87 million during the quarter, compared to analyst estimates of $55.26 million. Great Southern Bancorp had a return on equity of 10.83% and a net margin of 20.72%. As a group, sell-side analysts forecast that Great Southern Bancorp will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

GSBC has been the subject of a number of recent research reports. Weiss Ratings downgraded Great Southern Bancorp from a "buy (b+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods boosted their price target on Great Southern Bancorp from $72.00 to $74.00 and gave the company a "market perform" rating in a research note on Friday, July 17th. Finally, Zacks Research downgraded Great Southern Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.00.

About Great Southern Bancorp

Great Southern Bancorp, Inc is the bank holding company for Great Southern Bank, a full-service financial institution headquartered in Springfield, Missouri. Great Southern Bank traces its history to 1923 and operates as a community-oriented bank serving individuals, families, businesses and commercial customers.

The bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, business and consumer lending.

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