Southern Missouri Bancorp (NASDAQ:SMBC) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) announced its earnings results on Monday. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07, Zacks reports. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%.

Southern Missouri Bancorp Stock Performance

Shares of NASDAQ SMBC opened at $58.10 on Tuesday. Southern Missouri Bancorp has a 52 week low of $39.00 and a 52 week high of $68.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50-day simple moving average is $60.33 and its 200-day simple moving average is $57.55. The firm has a market cap of $655.37 million, a price-to-earnings ratio of 13.36 and a beta of 0.99.

Southern Missouri Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, February 14th. Southern Missouri Bancorp’s payout ratio is presently 21.15%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens boosted their price objective on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In other news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the transaction, the director now directly owns 48,649 shares in the company, valued at $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.60% of the company’s stock.

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.