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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, May 15th.

Southern Missouri Bancorp has raised its dividend payment by an average of 6.9% 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 16.7% indicating that 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 Up 6.7 %

SMBC opened at $52.79 on Wednesday. The company has a market cap of $631.32 million, a P/E ratio of 11.53 and a beta of 0.88. Southern Missouri Bancorp has a 12 month low of $39.00 and a 12 month high of $68.69. The business’s 50-day moving average price is $53.23 and its 200-day moving average price is $57.89. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Monday, April 21st. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $46.15 million for the quarter, compared to analysts’ expectations of $45.33 million. Southern Missouri Bancorp had a net margin of 17.72% and a return on equity of 10.45%. On average, equities analysts expect that Southern Missouri Bancorp will post 5.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Stephens restated an “overweight” rating and issued a $65.00 price objective on shares of Southern Missouri Bancorp in a report on Tuesday.

Insider Buying and Selling

In related news, Director Douglas Bagby sold 7,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,240,680. This represents a 25.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is owned by company insiders.

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.