Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) to Issue $0.23 Quarterly Dividend

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Tuesday, October 22nd,Zacks Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.23 per share by the savings and loans company on Friday, November 29th. This represents a $0.92 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, November 15th.

Southern Missouri Bancorp has increased its dividend payment by an average of 11.9% annually over the last three years and has increased its dividend every year for the last 13 years. Southern Missouri Bancorp has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Southern Missouri Bancorp to earn $5.45 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 16.9%.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ SMBC traded up $1.06 during mid-day trading on Wednesday, reaching $68.11. 6,395 shares of the company were exchanged, compared to its average volume of 31,051. The company’s 50 day moving average price is $57.78 and its 200 day moving average price is $50.49. Southern Missouri Bancorp has a 52 week low of $39.00 and a 52 week high of $68.21. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $768.28 million, a PE ratio of 15.41 and a beta of 0.95.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). The company had revenue of $74.55 million for the quarter, compared to the consensus estimate of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.32% and a net margin of 17.44%. Sell-side analysts forecast that Southern Missouri Bancorp will post 4.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director William E. Young sold 3,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the sale, the director now directly owns 48,649 shares in the company, valued at $2,914,075.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on SMBC. Stephens lifted their price objective on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their target price on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Company Profile

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 deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.