Southern Missouri Bancorp, Inc. Plans Quarterly Dividend of $0.21 (NASDAQ:SMBC)

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.21 per share by the savings and loans company on Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, May 14th.

Southern Missouri Bancorp has increased its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend every year for the last 12 years. Southern Missouri Bancorp has a dividend payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Southern Missouri Bancorp to earn $4.25 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 19.8%.

Southern Missouri Bancorp Stock Down 0.4 %

SMBC traded down $0.19 during trading on Friday, hitting $42.10. The company had a trading volume of 47,000 shares, compared to its average volume of 29,722. The company has a market capitalization of $478.68 million, a PE ratio of 9.17 and a beta of 0.95. Southern Missouri Bancorp has a one year low of $31.25 and a one year high of $55.45. The firm's 50-day moving average price is $41.93 and its 200 day moving average price is $44.75. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.29.

Insiders Place Their Bets

In other news, Director Sammy A. Schalk sold 913 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $44.22, for a total transaction of $40,372.86. Following the transaction, the director now directly owns 93,442 shares in the company, valued at approximately $4,132,005.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com raised shares of Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $51.00 price target (down from $53.00) on shares of Southern Missouri Bancorp in a research report on Wednesday, May 1st.

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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.