Southern Missouri Bancorp, Inc. (SMBC) to Issue Quarterly Dividend of $0.23 on May 30th

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Investors of record on Thursday, May 15th will be given a dividend of 0.23 per share by the savings and loans company on Friday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, May 15th.

Southern Missouri Bancorp has increased its dividend payment by an average of 6.9% annually 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 16.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Southern Missouri Bancorp to earn $5.70 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 16.1%.

Southern Missouri Bancorp Stock Performance

NASDAQ SMBC opened at $52.79 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.97. The company has a fifty day moving average price of $53.23 and a 200-day moving average price of $57.89. Southern Missouri Bancorp has a 1 year low of $39.00 and a 1 year high of $68.69. The firm has a market cap of $631.32 million, a price-to-earnings ratio of 11.53 and a beta of 0.88.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Monday, April 21st. The savings and loans company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The firm had revenue of $46.15 million during the quarter, compared to analyst estimates of $45.33 million. Southern Missouri Bancorp had a net margin of 17.72% and a return on equity of 10.45%. As a group, equities research analysts predict that Southern Missouri Bancorp will post 5.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Stephens reaffirmed an “overweight” rating and issued a $65.00 price target on shares of Southern Missouri Bancorp in a report on Tuesday.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, Director Douglas Bagby sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $59.08, for a total transaction of $413,560.00. Following the sale, the director now directly owns 21,000 shares in the company, valued at approximately $1,240,680. This represents a 25.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.60% of the company’s stock.

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.