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

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 given 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 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 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. Equities 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 Trading Up 1.6 %

Shares of Southern Missouri Bancorp stock traded up $1.06 during mid-day trading on Wednesday, hitting $68.11. The stock had a trading volume of 6,395 shares, compared to its average volume of 31,051. Southern Missouri Bancorp has a 12-month low of $39.00 and a 12-month high of $68.21. The firm has a 50-day moving average of $57.78 and a two-hundred day moving average of $50.49. The firm has a market cap of $768.28 million, a P/E ratio of 15.41 and a beta of 0.95. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $42.48 million. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.32%. Sell-side analysts forecast that Southern Missouri Bancorp will post 4.9 earnings per share for the current year.

Insider Activity at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were 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 owns 48,649 shares in the company, valued at approximately $2,914,075.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 16.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler increased their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens boosted their price objective on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

About Southern Missouri Bancorp

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.