Southern Missouri Bancorp (NASDAQ:SMBC) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) issued its quarterly earnings data on Monday. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07, Zacks reports. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%.

Southern Missouri Bancorp Stock Performance

Shares of Southern Missouri Bancorp stock traded up $0.89 during trading on Monday, hitting $58.10. 58,697 shares of the stock were exchanged, compared to its average volume of 37,906. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. Southern Missouri Bancorp has a 12 month low of $39.00 and a 12 month high of $68.69. The stock’s fifty day moving average is $60.46 and its 200 day moving average is $57.46. The stock has a market cap of $655.37 million, a PE ratio of 13.36 and a beta of 0.99.

Southern Missouri Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 14th. Southern Missouri Bancorp’s dividend payout ratio is presently 21.15%.

Insider Buying and Selling at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 48,649 shares in the company, valued at approximately $2,914,075.10. The trade was a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on SMBC. Stephens raised their price target on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Piper Sandler upped 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.

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.