Southern Missouri Bancorp, Inc. (SMBC) To Go Ex-Dividend on November 15th

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared a quarterly dividend on Tuesday, October 22nd,Zacks Dividends reports. Investors 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 1.34%. The ex-dividend date of this dividend is Friday, November 15th.

Southern Missouri Bancorp has increased its dividend 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 dividend payout ratio of 18.9% meaning 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 Price Performance

Shares of NASDAQ SMBC traded up $1.45 during mid-day trading on Wednesday, reaching $68.50. 8,567 shares of the company were exchanged, compared to its average volume of 31,059. Southern Missouri Bancorp has a 52 week low of $39.00 and a 52 week high of $68.50. 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 $772.68 million, a PE 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.

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 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 firm had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Sell-side analysts forecast that Southern Missouri Bancorp will post 4.9 earnings per share for the current fiscal year.

Insider Transactions at Southern Missouri Bancorp

In related news, Director William E. Young sold 3,000 shares of the firm’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 transaction, the director now owns 48,649 shares of the company’s stock, valued at $2,914,075.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

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