Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Announces $0.15 Quarterly Dividend

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Wednesday, July 29th, Wall Street Journal reports. Shareholders of record on Friday, August 14th will be paid a dividend of 0.15 per share by the savings and loans company on Monday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, August 13th.

Southern Missouri Bancorp has raised its dividend payment by an average of 47.4% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Southern Missouri Bancorp has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings.

Shares of NASDAQ SMBC opened at $21.84 on Thursday. The firm has a fifty day moving average price of $22.84 and a 200-day moving average price of $27.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $196.65 million, a PE ratio of 7.28 and a beta of 0.80. Southern Missouri Bancorp has a 1 year low of $17.30 and a 1 year high of $39.05.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Monday, July 27th. The savings and loans company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.24. The firm had revenue of $26.85 million during the quarter, compared to analysts’ expectations of $23.69 million. Southern Missouri Bancorp had a net margin of 22.14% and a return on equity of 11.15%. On average, research analysts expect that Southern Missouri Bancorp will post 2.5 EPS for the current year.

SMBC has been the subject of a number of analyst reports. Piper Sandler increased their price objective on shares of Southern Missouri Bancorp from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Investment Research raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th.

In related news, EVP Mark E. Hecker bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $21.93 per share, for a total transaction of $43,860.00. Following the completion of the transaction, the executive vice president now owns 2,950 shares in the company, valued at $64,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Greg A. Steffens bought 1,131 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $22.46 per share, with a total value of $25,402.26. Following the transaction, the chief executive officer now owns 212,533 shares of the company’s stock, valued at approximately $4,773,491.18. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 5,331 shares of company stock valued at $126,880. 16.73% of the stock is owned by company insiders.

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. It offers various deposit instruments, including demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.

See Also: Accumulation/Distribution

Dividend History for Southern Missouri Bancorp (NASDAQ:SMBC)

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