Southern Missouri Bancorp (NASDAQ:SMBC) Announces Earnings Results

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) issued its earnings results on Wednesday. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.16, Zacks reports. The business had revenue of $47.61 million for the quarter, compared to analysts' expectations of $46.60 million. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.35%.

Southern Missouri Bancorp Trading Down 0.3%

NASDAQ:SMBC traded down $0.16 during mid-day trading on Friday, hitting $57.19. 16,271 shares of the stock traded hands, compared to its average volume of 34,431. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $646.25 million, a price-to-earnings ratio of 11.04 and a beta of 0.98. The firm's 50 day moving average is $54.46 and its two-hundred day moving average is $54.51. Southern Missouri Bancorp has a 52 week low of $45.10 and a 52 week high of $68.69.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. Southern Missouri Bancorp's payout ratio is 18.47%.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $53.23, for a total transaction of $159,690.00. Following the completion of the sale, the director owned 42,649 shares of the company's stock, valued at $2,270,206.27. This represents a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a "market perform" rating in a research report on Friday. Stephens reaffirmed an "overweight" rating and set a $65.00 target price on shares of Southern Missouri Bancorp in a research note on Tuesday, April 22nd.

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.