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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) 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 2.86%.

Great Southern Bancorp has a dividend payout ratio of 30.1% meaning 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 Stock Up 0.7%

Shares of GSBC opened at $55.93 on Thursday. Great Southern Bancorp has a one year low of $47.57 and a one year high of $68.02. The company has a market cap of $641.52 million, a P/E ratio of 9.99 and a beta of 0.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $55.87 and a two-hundred day simple moving average of $57.95.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. The business had revenue of $55.92 million during the quarter, compared to the consensus estimate of $55.53 million. Great Southern Bancorp had a return on equity of 10.95% and a net margin of 18.32%. Research analysts forecast that Great Southern Bancorp will post 5.24 EPS for the current fiscal year.

Analyst Ratings Changes

GSBC has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Great Southern Bancorp from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, April 21st. 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. Finally, Piper Sandler decreased their target price 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Great Southern Bancorp by 4.8% during the first 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 period. Empowered Funds LLC increased its stake in shares of Great Southern Bancorp by 68.5% in the first 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 in the last quarter. AQR Capital Management LLC increased its stake in shares of 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 purchasing an additional 1,114 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Great Southern Bancorp in the first quarter worth $1,146,000. Institutional investors own 41.66% of the company’s stock.

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.