Southern Missouri Bancorp, Inc. (SMBC) To Go Ex-Dividend on August 15th

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.23 per share by the savings and loans company on Friday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.21.

Southern Missouri Bancorp has raised its dividend payment by an average of 11.9% per year over the last three years and has increased 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 $5.45 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 16.9%.

Southern Missouri Bancorp Stock Performance

Shares of SMBC traded up $0.84 during mid-day trading on Tuesday, hitting $50.51. 7,231 shares of the company’s stock were exchanged, compared to its average volume of 29,378. Southern Missouri Bancorp has a fifty-two week low of $37.74 and a fifty-two week high of $58.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $46.12 and its two-hundred day moving average is $43.71. The firm has a market capitalization of $573.54 million, a P/E ratio of 10.82 and a beta of 0.97.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Stephens assumed coverage on Southern Missouri Bancorp in a research note on Tuesday. They set an “overweight” rating and a $60.00 price objective on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $51.00 target price (down from $53.00) on shares of Southern Missouri Bancorp in a report on Wednesday, May 1st.

Insiders Place Their Bets

In related news, Director William E. Young sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $41.76, for a total transaction of $626,400.00. Following the completion of the sale, the director now directly owns 224,417 shares of the company’s stock, valued at $9,371,653.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.57, for a total transaction of $247,850.00. Following the completion of the transaction, the director now owns 218,917 shares of the company’s stock, valued at approximately $10,851,715.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William E. Young sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $41.76, for a total value of $626,400.00. Following the completion of the sale, the director now directly owns 224,417 shares in the company, valued at $9,371,653.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,500 shares of company stock worth $900,435. 17.41% of the stock is owned by company insiders.

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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.