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

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Monday, June 29th will be paid a dividend of 0.43 per share by the financial services provider on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend 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 payout ratio of 32.4% indicating that 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 Trading Down 1.5%

Shares of GSBC opened at $73.63 on Thursday. The firm’s 50 day simple moving average is $69.93 and its 200 day simple moving average is $65.30. The company has a market capitalization of $801.83 million, a P/E ratio of 11.67 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. Great Southern Bancorp has a 1-year low of $53.76 and a 1-year high of $76.92.

Great Southern Bancorp (NASDAQ:GSBC) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.31. The business had revenue of $55.36 million for the quarter, compared to the consensus estimate of $54.75 million. Great Southern Bancorp had a net margin of 21.33% and a return on equity of 11.29%. Sell-side analysts forecast that Great Southern Bancorp will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Great Southern Bancorp

In other Great Southern Bancorp news, CEO Joseph W. Turner sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $68.16, for a total transaction of $408,960.00. Following the transaction, the chief executive officer directly owned 136,182 shares in the company, valued at $9,282,165.12. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin L. Baker sold 2,800 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $69.96, for a total transaction of $195,888.00. Following the transaction, the vice president owned 14 shares in the company, valued at $979.44. The trade was a 99.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,687 shares of company stock valued at $938,407 over the last ninety days. Insiders own 29.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Great Southern Bancorp by 13.8% in the first quarter. Bank of America Corp DE now owns 27,727 shares of the financial services provider’s stock worth $1,750,000 after purchasing an additional 3,369 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Great Southern Bancorp by 24.8% in the first quarter. Royal Bank of Canada now owns 1,309 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 260 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Great Southern Bancorp by 6.2% in the first quarter. Empowered Funds LLC now owns 47,670 shares of the financial services provider’s stock worth $3,009,000 after purchasing an additional 2,764 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Great Southern Bancorp by 50.3% in the first quarter. Quantinno Capital Management LP now owns 27,486 shares of the financial services provider’s stock worth $1,735,000 after purchasing an additional 9,193 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Great Southern Bancorp by 1.9% in the first quarter. Lazard Asset Management LLC now owns 16,231 shares of the financial services provider’s stock worth $1,025,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 41.66% of the company’s stock.

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.