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

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) announced a quarterly dividend on Wednesday, June 18th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.40 per share by the financial services provider on Tuesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Monday, June 30th.

Great Southern Bancorp has a payout ratio of 30.1% 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 Stock Performance

Shares of NASDAQ GSBC traded down $0.28 during midday trading on Friday, reaching $55.65. 83,237 shares of the stock were exchanged, compared to its average volume of 31,522. The firm has a market cap of $638.31 million, a price-to-earnings ratio of 9.94 and a beta of 0.52. Great Southern Bancorp has a twelve month low of $47.57 and a twelve month high of $68.02. The firm has a 50-day simple moving average of $56.08 and a two-hundred day simple moving average of $57.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.21. The business had revenue of $55.92 million for the quarter, compared to analysts' expectations of $55.53 million. Great Southern Bancorp had a net margin of 18.32% and a return on equity of 10.95%. As a group, analysts anticipate that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Great Southern Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Great Southern Bancorp in the 1st quarter valued at $1,146,000. AQR Capital Management LLC lifted its holdings in Great Southern Bancorp by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider's stock valued at $801,000 after purchasing an additional 1,114 shares in the last quarter. Empowered Funds LLC lifted its holdings in Great Southern Bancorp by 68.5% in the 1st quarter. Empowered Funds LLC now owns 13,641 shares of the financial services provider's stock valued at $755,000 after purchasing an additional 5,546 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Great Southern Bancorp by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,138 shares of the financial services provider's stock valued at $284,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 41.66% of the company's stock.

Wall Street Analyst Weigh In

GSBC has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Great Southern Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Keefe, Bruyette & Woods dropped their price target on shares of Great Southern Bancorp from $63.00 to $61.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Finally, Piper Sandler dropped their price target on shares of Great Southern Bancorp from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st.

About Great Southern Bancorp

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.