Great Southern Bancorp, Inc. (NASDAQ:GSBC – Get Rating) declared a quarterly dividend on Thursday, September 22, reports The Wall Street Journal. Investors of record on Monday, October 3 will receive a dividend of 0.40 per share from the financial services provider on Tuesday, October 18. This represents a dividend of $1.60 on an annualized basis and a yield of 2.66%. The ex-date of this dividend is Friday, September 30.
Great Southern Bancorp has increased its dividend by an average of 5.3% per year over the past three years and has increased its dividend annually for the past 2 consecutive years. Great Southern Bancorp has a payout ratio of 25.6%, indicating that its dividend is sufficiently covered by earnings. Research analysts expect Great Southern Bancorp to earn $6.39 per share next year, meaning the company should continue to be able to cover its $1.60 annual dividend with a ratio expected future payout of 25.0%.
Performance of Great Southern Bancorp shares
Great Southern Bancorp’s stock traded down $0.18 at midday Thursday, hitting $60.24. The company had a trading volume of 19,115 shares, compared to an average volume of 40,098. The company has a quick ratio of 0.94, a current ratio of 0.94 and a leverage ratio of 0.18. The company has a market capitalization of $742.16 million, a price-earnings ratio of 11.25 and a beta of 0.78. The company has a 50-day moving average of $60.72 and a 200-day moving average of $59.49. Great Southern Bancorp has a 52-week low of $50.30 and a 52-week high of $63.95.
Insider Buying and Selling at Great Southern Bancorp
Separately, Vice Chairman John M. Bugh sold 1,500 shares of the company in a transaction dated Monday, July 25. The shares were sold at an average price of $62.21, for a total value of $93,315.00. Following the sale, the vice president now owns 1,790 shares of the company, valued at $111,355.90. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. In other Great Southern Bancorp news, Vice Chairman John M. Bugh sold 1,500 shares of Great Southern Bancorp in a trade on Monday July 25th. The stock was sold at an average price of $62.21, for a total transaction of $93,315.00. Following the completion of the transaction, the vice president now directly owns 1,790 shares of the company, valued at $111,355.90. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, director William V. Turner sold 6,000 shares of the company in a trade on Monday, July 25. The shares were sold at an average price of $62.26, for a total transaction of $373,560.00. Following the completion of the sale, the administrator now owns 240,180 shares of the company, valued at approximately $14,953,606.80. The disclosure of this sale can be found here. Insiders sold 17,700 shares of the company valued at $1,106,433 in the past 90 days. 25.82% of the shares are currently held by insiders of the company.
Great Southern Bancorp Institutional Trading
Several large investors have recently changed their positions in GSBC. BNP Paribas Arbitrage SA increased its stake in shares of Great Southern Bancorp by 6.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,120 shares of the financial services provider valued at $183,000 after buying an additional 192 shares last quarter. Cubist Systematic Strategies LLC acquired a new equity stake in Great Southern Bancorp in Q2 valued at $199,000. Graham Capital Management LP bought a new equity stake in Great Southern Bancorp during the first quarter for $233,000. MetLife Investment Management LLC increased its stake in shares of Great Southern Bancorp by 60.6% during the first quarter. MetLife Investment Management LLC now owns 5,468 shares of the financial services provider valued at $323,000 after acquiring an additional 2,063 shares during the period. Finally, Jane Street Group LLC bought a new position in Great Southern Bancorp in the second quarter, valued at around $502,000. Institutional investors hold 43.12% of the company’s shares.
Great Southern Bancorp Company Profile
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Great Southern Bancorp, Inc operates as a banking holding company for Great Southern Bank which 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 different maturities, certificates of deposit, negotiated certificates and individual retirement accounts.
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