Southern Missouri Bancorp (NASDAQ:SMBC) Announces Quarterly Earnings Results

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

Southern Missouri Bancorp Price Performance

NASDAQ SMBC traded down $0.50 during trading hours on Friday, reaching $56.85. The company's stock had a trading volume of 36,326 shares, compared to its average volume of 59,200. The firm has a market capitalization of $642.41 million, a price-to-earnings ratio of 10.97 and a beta of 0.98. Southern Missouri Bancorp has a 1-year low of $45.10 and a 1-year high of $68.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. The company's 50-day moving average is $54.50 and its two-hundred day moving average is $54.51.

Southern Missouri Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.25 dividend. This is a boost from Southern Missouri Bancorp's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.76%. Southern Missouri Bancorp's dividend payout ratio is presently 17.76%.

Analyst Ratings Changes

SMBC has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price objective on Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a "market perform" rating in a report on Friday. Stephens reissued an "overweight" rating and issued a $65.00 price objective on shares of Southern Missouri Bancorp in a report on Tuesday, April 22nd.

Insiders Place Their Bets

In related news, Director William E. Young sold 3,000 shares of the company's 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 transaction, the director owned 42,649 shares of the company's stock, valued at approximately $2,270,206.27. This represents a 6.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 16.60% of the company's stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of large investors have recently bought and sold shares of SMBC. Jane Street Group LLC acquired a new position in Southern Missouri Bancorp in the 1st quarter worth about $740,000. AQR Capital Management LLC raised its holdings 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 worth $501,000 after purchasing an additional 5,306 shares during the period. Strs Ohio acquired a new position in Southern Missouri Bancorp in the 1st quarter worth about $94,000. Empowered Funds LLC raised its holdings in Southern Missouri Bancorp by 8.2% in the 1st quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company's stock worth $1,173,000 after purchasing an additional 1,702 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Southern Missouri Bancorp by 4.3% in 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 purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 49.49% 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.