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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared 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 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, November 15th.

Southern Missouri Bancorp has raised its dividend payment by an average of 11.9% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Southern Missouri Bancorp has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NASDAQ:SMBC traded up $1.10 during midday trading on Wednesday, reaching $68.15. The company had a trading volume of 9,024 shares, compared to its average volume of 31,061. The stock has a market cap of $768.73 million, a P/E ratio of 15.67 and a beta of 0.95. The company’s 50 day moving average price is $57.78 and its 200 day moving average price is $50.49. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. Southern Missouri Bancorp has a 52-week low of $39.00 and a 52-week high of $68.50.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stephens raised their target price on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler lifted their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

Insider Buying and Selling

In other news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the transaction, the director now directly owns 48,649 shares in the company, valued at approximately $2,914,075.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is owned by insiders.

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.