Great Southern Bancorp, Inc. (GSBC) to Distribute Quarterly Dividend of $0.43 on July 14th

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Monday, June 29th will be given a dividend of 0.43 per share by the financial services provider on Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, June 29th.

Great Southern Bancorp has decreased its dividend by an average of 0.1%per year 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 $5.76 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 29.9%.

Great Southern Bancorp Stock Performance

Shares of Great Southern Bancorp stock opened at $74.23 on Friday. Great Southern Bancorp has a one year low of $53.76 and a one year high of $76.92. The company has a market cap of $808.36 million, a price-to-earnings ratio of 11.76 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50 day moving average price is $70.11 and its 200 day moving average price is $65.40.

Great Southern Bancorp (NASDAQ:GSBC) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.31. Great Southern Bancorp had a return on equity of 11.29% and a net margin of 21.33%.The company had revenue of $55.36 million during the quarter, compared to analysts’ expectations of $54.75 million. On average, research analysts predict that Great Southern Bancorp will post 5.84 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GSBC. Zacks Research cut shares of Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on Great Southern Bancorp from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Wall Street Zen cut Great Southern Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded Great Southern Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Great Southern Bancorp has a consensus rating of “Hold” and a consensus price target of $65.00.

About Great Southern Bancorp

Great Southern Bancorp, Inc (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank’s core business activities include deposit-taking, lending and treasury management.