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

Key Points

• Great Southern Bancorp, Inc. has announced a quarterly dividend of $0.43 per share, marking a 7.5% increase from the previous dividend of $0.40.
• The company reports a dividend payout ratio of 30.1%, indicating strong coverage by earnings, with projected earnings of $5.33 per share next year.
• Great Southern Bancorp stock was trading at $62.10, showing a significant market performance and maintaining a debt-to-equity ratio of 0.04.

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Stockholders of record on Monday, September 29th will be given a dividend of 0.43 per share by the financial services provider on Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, September 29th. This is a 7.5% increase from Great Southern Bancorp's previous quarterly dividend of $0.40.

Great Southern Bancorp has a dividend payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NASDAQ:GSBC traded down $1.63 during midday trading on Friday, hitting $62.88. 112,081 shares of the stock were exchanged, compared to its average volume of 30,323. The stock has a market cap of $712.30 million, a P/E ratio of 10.71 and a beta of 0.57. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. Great Southern Bancorp has a twelve month low of $47.57 and a twelve month high of $68.01. The company has a 50 day moving average price of $60.73 and a 200-day moving average price of $57.94.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.35. The firm had revenue of $59.18 million during the quarter, compared to analysts' expectations of $55.61 million. Great Southern Bancorp had a return on equity of 11.17% and a net margin of 19.18%. On average, research analysts forecast that Great Southern Bancorp will post 5.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

GSBC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Great Southern Bancorp from $61.00 to $63.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Wall Street Zen upgraded Great Southern Bancorp from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $60.50.

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.