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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) announced a quarterly dividend on Tuesday, April 15th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 15th.

Southern Missouri Bancorp has increased its dividend payment by an average of 6.9% per year 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 16.5% 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 Performance

SMBC traded down $0.29 during trading on Friday, reaching $52.71. 16,786 shares of the company's stock were exchanged, compared to its average volume of 33,494. The company's fifty day simple moving average is $52.79 and its 200-day simple moving average is $57.84. The stock has a market capitalization of $630.36 million, a P/E ratio of 11.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.97. Southern Missouri Bancorp has a 1 year low of $39.00 and a 1 year high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its earnings results 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 return on equity of 10.45% and a net margin of 17.72%. The firm had revenue of $46.15 million for the quarter, compared to analyst estimates of $45.33 million. As a group, research analysts predict that Southern Missouri Bancorp will post 5.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMBC. Stephens reiterated an "overweight" rating and set a $65.00 price target on shares of Southern Missouri Bancorp in a research report on Tuesday. Keefe, Bruyette & Woods cut their price target on shares of Southern Missouri Bancorp from $70.00 to $68.00 and set a "market perform" rating for the company in a report on Thursday, January 30th.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp 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 value of $413,560.00. Following the completion of the sale, the director now owns 21,000 shares in the company, valued at approximately $1,240,680. This represents a 25.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.60% of the company's stock.

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.