Southern Missouri Bancorp, Inc. (SMBC) To Go Ex-Dividend on August 14th

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, August 14th will be given a dividend of 0.27 per share by the savings and loans company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. This is a 8.0% increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.25.

Southern Missouri Bancorp has increased its dividend payment 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 dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Southern Missouri Bancorp to earn $6.85 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 14.6%.

Southern Missouri Bancorp Stock Up 1.5%

Shares of Southern Missouri Bancorp stock traded up $1.11 during trading hours on Thursday, reaching $76.53. The company’s stock had a trading volume of 57,249 shares, compared to its average volume of 83,929. The company has a market capitalization of $843.31 million, a P/E ratio of 12.78 and a beta of 0.86. The stock’s fifty day simple moving average is $72.42 and its two-hundred day simple moving average is $66.98. Southern Missouri Bancorp has a one year low of $47.60 and a one year high of $78.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.31. The business had revenue of $51.77 million during the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. On average, research analysts forecast that Southern Missouri Bancorp will post 6.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SMBC shares. Piper Sandler restated a “neutral” rating and set a $79.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Keefe, Bruyette & Woods lifted their price target on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Wall Street Zen lowered Southern Missouri Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Stephens reissued an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.33.

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.