Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) announced a quarterly dividend on Wednesday, June 18th, RTT News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.40 per share by the financial services provider on Tuesday, July 15th. This represents a $1.60 annualized dividend and a yield of 2.86%.
Great Southern Bancorp has a dividend payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 GSBC traded up $0.41 during mid-day trading on Wednesday, reaching $55.93. 96,486 shares of the stock traded hands, compared to its average volume of 31,273. The company has a market cap of $641.52 million, a price-to-earnings ratio of 9.99 and a beta of 0.52. Great Southern Bancorp has a 1 year low of $47.57 and a 1 year high of $68.02. The firm has a fifty day moving average price of $55.82 and a 200 day moving average price of $57.97. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.
Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.26 by $0.21. The business had revenue of $55.92 million during the quarter, compared to analysts' expectations of $55.53 million. Great Southern Bancorp had a return on equity of 10.95% and a net margin of 18.32%. As a group, equities research analysts predict that Great Southern Bancorp will post 5.24 earnings per share for the current year.
Hedge Funds Weigh In On Great Southern Bancorp
Large investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Great Southern Bancorp by 8.3% in the first quarter. AQR Capital Management LLC now owns 14,466 shares of the financial services provider's stock worth $801,000 after buying an additional 1,114 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Great Southern Bancorp by 4.8% during 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 during the last quarter. Empowered Funds LLC raised its position 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 worth $755,000 after purchasing an additional 5,546 shares during the period. Finally, Jane Street Group LLC purchased a new position in Great Southern Bancorp in the 1st quarter worth $1,146,000. 41.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on GSBC shares. Wall Street Zen cut shares of Great Southern Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Keefe, Bruyette & Woods decreased 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 report on Monday, April 21st. Finally, Piper Sandler lowered their price objective on shares of Great Southern Bancorp from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st.
Check Out Our Latest Stock Report on GSBC
About Great Southern Bancorp
(
Get Free Report)
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.
Further Reading
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