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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Friday, May 15th will be given a dividend of 0.25 per share by the savings and loans company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th.

Southern Missouri Bancorp has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Southern Missouri Bancorp has a payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Southern Missouri Bancorp to earn $6.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 14.7%.

Southern Missouri Bancorp Price Performance

Southern Missouri Bancorp stock opened at $65.66 on Thursday. The firm has a market cap of $729.48 million, a PE ratio of 11.36 and a beta of 0.92. Southern Missouri Bancorp has a 52-week low of $47.60 and a 52-week high of $68.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $64.01 and its two-hundred day moving average is $59.90.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.08. The company had revenue of $50.25 million for the quarter, compared to analyst estimates of $49.98 million. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 11.92%. On average, research analysts expect that Southern Missouri Bancorp will post 6.2 EPS for the current fiscal year.

Insider Activity at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director Charles R. Love sold 580 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $64.00, for a total value of $37,120.00. Following the sale, the director directly owned 15,220 shares of the company’s stock, valued at approximately $974,080. This represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 15.81% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of large investors have recently modified their holdings of SMBC. Assenagon Asset Management S.A. purchased a new position in shares of Southern Missouri Bancorp in the 4th quarter valued at $1,152,000. American Century Companies Inc. grew its position in shares of Southern Missouri Bancorp by 10.3% in the 3rd quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock valued at $14,476,000 after buying an additional 25,751 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Southern Missouri Bancorp in the 3rd quarter valued at $592,000. Clayton Financial Group LLC purchased a new position in shares of Southern Missouri Bancorp in the 4th quarter valued at $16,579,000. Finally, Alps Advisors Inc. purchased a new position in shares of Southern Missouri Bancorp in the 3rd quarter valued at $431,000. 49.49% of the stock is owned by hedge funds and other institutional investors.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.