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

Southern Missouri Bancorp (NASDAQ:SMBC) posted its earnings results on Tuesday. The savings and loans company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01), Zacks reports. The firm had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.32% and a net margin of 17.44%.

Southern Missouri Bancorp Stock Up 0.4 %

Shares of SMBC stock opened at $59.52 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $62.03. The company’s fifty day moving average price is $56.82 and its 200-day moving average price is $49.12. The company has a market capitalization of $671.39 million, a price-to-earnings ratio of 13.63 and a beta of 0.96.

Southern Missouri Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.23 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.55%. Southern Missouri Bancorp’s payout ratio is currently 21.15%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.57, for a total transaction of $247,850.00. Following the sale, the director now directly owns 218,917 shares of the company’s stock, valued at $10,851,715.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SMBC shares. Stephens increased their price objective on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday. Piper Sandler raised their price target on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday.

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.