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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared 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 1.56%. 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 annually for the last 13 consecutive years. Southern Missouri Bancorp has a dividend payout ratio of 17.2% indicating that 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 Trading Up 1.7 %

Shares of Southern Missouri Bancorp stock opened at $59.08 on Wednesday. The company has a market capitalization of $666.42 million, a P/E ratio of 13.58 and a beta of 0.99. The company’s fifty day moving average is $60.21 and its two-hundred day moving average is $57.64. 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 1 year low of $39.00 and a 1 year high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. Analysts forecast that Southern Missouri Bancorp will post 4.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on SMBC shares. Stephens reissued an “overweight” rating and set a $76.00 price objective on shares of Southern Missouri Bancorp in a report on Tuesday. Piper Sandler boosted their price objective 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 Activity

In related news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the sale, the director now directly owns 48,649 shares of the company’s stock, valued at $2,914,075.10. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 16.60% of the company’s stock.

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.