Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) to Issue Quarterly Dividend of $0.27

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.27 per share by the savings and loans company on Monday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 13th.

Southern Missouri Bancorp has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Southern Missouri Bancorp has a payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Southern Missouri Bancorp to earn $7.03 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 15.4%.

Southern Missouri Bancorp Stock Performance

Shares of NASDAQ SMBC traded up $1.86 during midday trading on Thursday, hitting $72.33. 42,878 shares of the company’s stock were exchanged, compared to its average volume of 86,491. Southern Missouri Bancorp has a twelve month low of $50.45 and a twelve month high of $79.86. The firm has a market cap of $796.52 million, a P/E ratio of 11.25 and a beta of 0.87. The stock’s 50 day moving average price is $72.60 and its 200-day moving average price is $72.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. The firm had revenue of $53.09 million for the quarter, compared to analysts’ expectations of $52.60 million. Equities research analysts anticipate that Southern Missouri Bancorp will post 6.66 EPS for the current year.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of SMBC. Allworth Financial LP bought a new stake in shares of Southern Missouri Bancorp in the 2nd quarter worth approximately $26,000. Royal Bank of Canada lifted its position in shares of Southern Missouri Bancorp by 124.7% in the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after acquiring an additional 313 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Southern Missouri Bancorp by 121.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the savings and loans company’s stock worth $121,000 after purchasing an additional 941 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Southern Missouri Bancorp during the 2nd quarter worth approximately $335,000. Finally, Odyssean LLC purchased a new position in shares of Southern Missouri Bancorp during the second quarter valued at $410,000. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.