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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.23 per share by the savings and loans company on Friday, February 28th. 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 has increased its dividend by an average of 6.9% annually over the last three years and has raised its dividend every year for the last 13 years. Southern Missouri Bancorp has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Southern Missouri Bancorp to earn $5.30 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 17.4%.

Southern Missouri Bancorp Price Performance

Shares of SMBC opened at $58.10 on Tuesday. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $68.69. The stock’s fifty day moving average is $60.33 and its 200-day moving average is $57.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $655.37 million, a price-to-earnings ratio of 13.36 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Monday, January 27th. The savings and loans company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. Equities analysts anticipate that Southern Missouri Bancorp will post 4.75 EPS for the current year.

Analyst Ratings Changes

SMBC has been the subject of a number of research analyst reports. Stephens upped their price target on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler raised their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

Insider Buying and Selling

In other news, Director William E. Young sold 3,000 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the transaction, the director now owns 48,649 shares in the company, valued at $2,914,075.10. This represents a 5.81 % 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 currently owned by corporate 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.