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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd,Zacks Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, November 15th.

Southern Missouri Bancorp has increased its dividend by an average of 11.9% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Southern Missouri Bancorp has a 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 down $0.92 during trading hours on Wednesday, hitting $66.13. 34,949 shares of the stock were exchanged, compared to its average volume of 31,181. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $68.54. The company's 50 day moving average is $57.78 and its 200 day moving average is $50.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $745.95 million, a P/E ratio of 15.67 and a beta of 0.95.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $74.55 million for the quarter, compared to the consensus estimate of $42.48 million. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.32%. On average, research analysts expect that Southern Missouri Bancorp will post 4.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on SMBC. Piper Sandler lifted their price target on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Stephens raised 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.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director William E. Young sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was 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 approximately $2,914,075.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.60% of the company's stock.

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.