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

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 paid 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 dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 15th.

Southern Missouri Bancorp has raised its dividend payment by an average of 6.9% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Southern Missouri Bancorp has a payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 0.5 %

Shares of NASDAQ:SMBC opened at $49.47 on Tuesday. The company has a market capitalization of $591.61 million, a PE ratio of 10.80 and a beta of 0.88. Southern Missouri Bancorp has a 1 year low of $39.00 and a 1 year high of $68.69. 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 business has a fifty day moving average price of $53.38 and a two-hundred day moving average price of $57.93.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Monday, April 21st. The savings and loans company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. Southern Missouri Bancorp had a net margin of 17.72% and a return on equity of 10.45%. The business had revenue of $46.15 million for the quarter, compared to analyst estimates of $45.33 million. Analysts forecast that Southern Missouri Bancorp will post 5.06 earnings per share for the current year.

Insider Activity at Southern Missouri Bancorp

In other news, Director Douglas Bagby sold 7,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $59.08, for a total value of $413,560.00. Following the completion of the transaction, the director now directly owns 21,000 shares of the company’s stock, valued at $1,240,680. This trade represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. Stephens reissued an “overweight” rating and issued a $76.00 price objective on shares of Southern Missouri Bancorp in a report on Tuesday, January 28th.

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.