Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Plans Quarterly Dividend of $0.25

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) declared a quarterly dividend on Tuesday, July 22nd, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.25 per share by the savings and loans company on Friday, August 29th. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, August 15th. This is a 8.7% increase from Southern Missouri Bancorp's previous quarterly dividend of $0.23.

Southern Missouri Bancorp has a payout ratio of 16.5% meaning 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 Down 0.9%

SMBC traded down $0.50 during trading on Friday, hitting $56.85. The company had a trading volume of 36,326 shares, compared to its average volume of 62,643. The company has a market cap of $642.41 million, a PE ratio of 10.97 and a beta of 0.98. The business has a 50-day moving average of $54.50 and a 200-day moving average of $54.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. Southern Missouri Bancorp has a 1-year low of $45.10 and a 1-year high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. The business had revenue of $47.61 million during the quarter, compared to analyst estimates of $46.60 million. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.35%. As a group, analysts forecast that Southern Missouri Bancorp will post 5.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SMBC shares. Keefe, Bruyette & Woods increased their price objective on Southern Missouri Bancorp from $60.00 to $63.00 and gave the stock a "market perform" rating in a report on Friday. Stephens reaffirmed an "overweight" rating and issued a $65.00 price target on shares of Southern Missouri Bancorp in a report on Tuesday, April 22nd.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $53.23, for a total value of $159,690.00. Following the completion of the sale, the director directly owned 42,649 shares in the company, valued at $2,270,206.27. This trade represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new position in shares of Southern Missouri Bancorp during the 1st quarter worth about $94,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Southern Missouri Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company's stock worth $296,000 after buying an additional 234 shares during the period. AQR Capital Management LLC grew its position in shares of Southern Missouri Bancorp by 122.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company's stock worth $501,000 after buying an additional 5,306 shares during the period. Jane Street Group LLC bought a new position in shares of Southern Missouri Bancorp during the 1st quarter valued at about $740,000. Finally, Empowered Funds LLC lifted its holdings in shares of Southern Missouri Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company's stock valued at $1,173,000 after purchasing an additional 1,702 shares in the last quarter. 49.49% of the stock is currently owned by institutional investors and hedge funds.

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.