Southern Missouri Bancorp, Inc. (SMBC) To Go Ex-Dividend on November 13th

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, November 13th will be given 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 increased its dividend by an average of 0.1% per year 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 19.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Southern Missouri Bancorp to earn $6.97 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 15.5%.

Southern Missouri Bancorp Trading Down 0.6%

NASDAQ SMBC opened at $71.49 on Wednesday. Southern Missouri Bancorp has a 1-year low of $52.72 and a 1-year high of $79.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $71.73 and a 200-day moving average of $69.89. The firm has a market cap of $781.39 million, a PE ratio of 10.54 and a beta of 0.80.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a return on equity of 12.88% and a net margin of 23.47%. As a group, sell-side analysts forecast that Southern Missouri Bancorp will post 6.69 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on SMBC. Raymond James Financial assumed coverage on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. They set a “market perform” rating for the company. Stephens cut Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research note on Thursday, August 6th. Keefe, Bruyette & Woods raised their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Hovde Group began coverage on shares of Southern Missouri Bancorp in a research note on Monday, October 5th. They issued a “market perform” rating and a $76.00 price target on the stock. Finally, Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $79.50.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc. is a bank holding company and the parent of Southern Bank, a community bank headquartered in Poplar Bluff, Missouri. The bank’s roots date to 1887, when it was established to serve local customers in southeastern Missouri. Southern Bank provides personal and business banking services, including deposit accounts, commercial and consumer lending, residential mortgage loans, and digital banking. Its lending activities also include financing for agricultural customers.