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

Southern Missouri Bancorp (NASDAQ:SMBC) posted its earnings results on Monday. The savings and loans company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 Price Performance

Shares of NASDAQ SMBC opened at $58.10 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $60.33 and its 200-day moving average is $57.55. Southern Missouri Bancorp has a 1-year low of $39.00 and a 1-year high of $68.69. The firm has a market cap of $655.37 million, a P/E ratio of 13.36 and a beta of 0.99.

Southern Missouri Bancorp Dividend Announcement

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

Insiders Place Their Bets

In other news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 48,649 shares in the company, valued at approximately $2,914,075.10. This represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SMBC. Piper Sandler upped their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stephens raised their target price 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.

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.