Great Southern Bancorp, Inc. to Issue Quarterly Dividend of $0.40 (NASDAQ:GSBC)

Great Southern Bancorp, Inc. (NASDAQ:GSBCGet Rating) declared a quarterly dividend on Thursday, September 22nd, Wall Street Journal reports. Stockholders of record on Monday, October 3rd will be paid a dividend of 0.40 per share by the financial services provider on Tuesday, October 18th. This represents a $1.60 dividend on an annualized basis 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 increased its dividend annually for the last 2 consecutive years. Great Southern Bancorp has a payout ratio of 25.6% meaning 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 %

Shares of GSBC opened at $60.24 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $59.49. Great Southern Bancorp has a 1-year low of $50.30 and a 1-year high of $63.95. The stock has a market cap of $742.16 million, a price-to-earnings ratio of 11.22 and a beta of 0.78.

Insider Transactions at Great Southern Bancorp

In other news, CEO Joseph W. Turner sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $62.78, for a total transaction of $376,680.00. Following the completion of the transaction, the chief executive officer now directly owns 137,382 shares of the company’s stock, valued at approximately $8,624,841.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Great Southern Bancorp news, Treasurer Rex A. Copeland sold 4,200 shares of Great Southern Bancorp stock in a transaction that occurred 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 directly owns 23,318 shares of the company’s stock, valued at approximately $1,459,473.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph W. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $62.78, for a total transaction of $376,680.00. Following the completion of the sale, the chief executive officer now directly owns 137,382 shares of the company’s stock, valued at $8,624,841.96. The disclosure for this sale can be found here. Insiders sold a total of 17,700 shares of company stock valued at $1,106,433 in the last ninety days. Corporate insiders own 25.82% of the company’s stock.

Hedge Funds Weigh In On Great Southern Bancorp

A number of hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC lifted its holdings in shares of Great Southern Bancorp by 60.6% during the 1st quarter. MetLife Investment Management LLC now owns 5,468 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 2,063 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Great Southern Bancorp by 0.5% during the 1st quarter. LSV Asset Management now owns 92,914 shares of the financial services provider’s stock valued at $5,483,000 after acquiring an additional 500 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Great Southern Bancorp by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 767,662 shares of the financial services provider’s stock valued at $45,300,000 after acquiring an additional 32,267 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Great Southern Bancorp by 60.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 137,144 shares of the financial services provider’s stock valued at $8,093,000 after acquiring an additional 51,534 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Great Southern Bancorp by 11.1% during the 1st quarter. Renaissance Technologies LLC now owns 301,600 shares of the financial services provider’s stock valued at $17,797,000 after acquiring an additional 30,200 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Great Southern Bancorp Company Profile

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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.

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Dividend History for Great Southern Bancorp (NASDAQ:GSBC)

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