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

Great Southern Bancorp, Inc. (NASDAQ:GSBCGet Rating) announced a quarterly dividend on Wednesday, September 21st, Wall Street Journal reports. Stockholders of record on Monday, October 3rd will be given a dividend of 0.40 per share by the financial services provider on Tuesday, October 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, September 30th.

Great Southern Bancorp has raised its dividend by an average of 5.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Great Southern Bancorp has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Great Southern Bancorp to earn $6.39 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 25.0%.

Great Southern Bancorp Trading Down 0.3 %

NASDAQ GSBC opened at $60.24 on Friday. The company has a market cap of $742.16 million, a PE ratio of 11.22 and a beta of 0.78. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18. Great Southern Bancorp has a 12 month low of $50.30 and a 12 month high of $63.95. The stock has a 50 day moving average of $60.74 and a 200-day moving average of $59.49.

Insider Activity

In other news, Director William V. Turner sold 6,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $62.26, for a total value of $373,560.00. Following the completion of the sale, the director now owns 240,180 shares of the company’s stock, valued at approximately $14,953,606.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director William V. Turner sold 6,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $62.26, for a total value of $373,560.00. Following the sale, the director now owns 240,180 shares in the company, valued at approximately $14,953,606.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Rex A. Copeland sold 4,200 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $62.59, for a total value of $262,878.00. Following the completion of the sale, the treasurer now owns 23,318 shares in the company, valued at approximately $1,459,473.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,700 shares of company stock valued at $1,106,433. 25.82% of the stock is owned by insiders.

Institutional Trading of Great Southern Bancorp

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Great Southern Bancorp by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 767,662 shares of the financial services provider’s stock valued at $45,300,000 after purchasing an additional 32,267 shares in the last quarter. State Street Corp boosted its stake in shares of Great Southern Bancorp by 13.0% during the first quarter. State Street Corp now owns 322,839 shares of the financial services provider’s stock valued at $19,168,000 after purchasing an additional 37,201 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Great Southern Bancorp by 11.1% during the first quarter. Renaissance Technologies LLC now owns 301,600 shares of the financial services provider’s stock worth $17,797,000 after acquiring an additional 30,200 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Great Southern Bancorp by 60.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 137,144 shares of the financial services provider’s stock worth $8,093,000 after acquiring an additional 51,534 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Great Southern Bancorp by 0.5% during the first quarter. LSV Asset Management now owns 92,914 shares of the financial services provider’s stock worth $5,483,000 after acquiring an additional 500 shares during the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

About Great Southern Bancorp

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Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers 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

Dividend History for Great Southern Bancorp (NASDAQ:GSBC)

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