Southern Missouri Bancorp, Inc. to Issue Quarterly Dividend of $0.21 (NASDAQ:SMBC)

Southern Missouri Bancorp, Inc. (NASDAQ:SMBCGet Free Report) declared a quarterly dividend on Tuesday, January 23rd, Zacks reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.21 per share by the savings and loans company on Thursday, February 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, February 14th.

Southern Missouri Bancorp has increased its dividend payment by an average of 11.9% annually over the last three years. Southern Missouri Bancorp has a dividend payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Southern Missouri Bancorp to earn $4.40 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 19.1%.

Southern Missouri Bancorp Price Performance

Southern Missouri Bancorp stock traded up $0.39 during midday trading on Monday, reaching $43.38. 1,938 shares of the company were exchanged, compared to its average volume of 25,814. The firm’s 50-day simple moving average is $48.89 and its 200-day simple moving average is $44.82. Southern Missouri Bancorp has a 1 year low of $30.28 and a 1 year high of $55.45. The company has a market capitalization of $491.93 million, a price-to-earnings ratio of 11.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 0.97.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd purchased a new position in Southern Missouri Bancorp during the third quarter worth approximately $49,000. Great West Life Assurance Co. Can raised its position in shares of Southern Missouri Bancorp by 402.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,723 shares of the savings and loans company’s stock worth $64,000 after buying an additional 1,380 shares during the period. Citigroup Inc. boosted its holdings in Southern Missouri Bancorp by 1,315.7% in the second quarter. Citigroup Inc. now owns 2,803 shares of the savings and loans company’s stock valued at $108,000 after acquiring an additional 2,605 shares during the last quarter. BNP Paribas Arbitrage SNC grew its position in Southern Missouri Bancorp by 10.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,369 shares of the savings and loans company’s stock valued at $121,000 after acquiring an additional 218 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Southern Missouri Bancorp by 137.2% during the second quarter. Wells Fargo & Company MN now owns 3,276 shares of the savings and loans company’s stock worth $126,000 after acquiring an additional 1,895 shares during the last quarter. 49.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th.

View Our Latest Research Report on SMBC

Southern Missouri Bancorp Company Profile

(Get Free Report)

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.

Further Reading

Dividend History for Southern Missouri Bancorp (NASDAQ:SMBC)

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