Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) to Issue $0.25 Quarterly Dividend

Key Points

• Southern Missouri Bancorp, Inc. has declared a quarterly dividend of $0.25 per share, with the dividend payment set for November 28th for stockholders recorded by November 14th.
• The company's dividend payout ratio is 16.5%, indicating that earnings sufficiently cover the dividend, which is expected to continue as analysts project earnings of $5.70 per share next year.
• Southern Missouri Bancorp's stock currently has an average rating of "Hold" and a consensus target price of $64.67, reflecting mixed reviews from analysts.

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) declared a quarterly dividend on Tuesday, October 21st. Stockholders of record on Friday, November 14th will be given a dividend of 0.25 per share by the savings and loans company on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, November 14th.

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

NASDAQ:SMBC opened at $50.49 on Thursday. The firm's 50-day moving average is $54.33 and its 200-day moving average is $53.71. Southern Missouri Bancorp has a 52-week low of $45.10 and a 52-week high of $68.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $570.03 million, a price-to-earnings ratio of 9.75 and a beta of 1.02.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its earnings results on Wednesday, November 10th. The savings and loans company reported $1.40 earnings per share for the quarter. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.19%. The business had revenue of $30.15 million for the quarter. Equities research analysts anticipate that Southern Missouri Bancorp will post 5.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMBC has been the subject of several recent research reports. Piper Sandler initiated coverage on shares of Southern Missouri Bancorp in a research report on Thursday, August 28th. They issued a "neutral" rating and a $66.00 price target for the company. Weiss Ratings lowered shares of Southern Missouri Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the stock a "market perform" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $64.67.

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.

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