Southern Missouri Bancorp (NASDAQ:SMBC) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) issued its quarterly earnings results on Wednesday. The savings and loans company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07, FiscalAI reports. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.59%. The company had revenue of $53.09 million for the quarter, compared to the consensus estimate of $52.60 million.

Southern Missouri Bancorp Trading Down 1.0%

Shares of SMBC opened at $70.46 on Thursday. The firm has a market capitalization of $775.98 million, a price-to-earnings ratio of 10.96 and a beta of 0.87. 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 has a 1-year low of $50.00 and a 1-year high of $79.86. The company has a 50-day moving average of $72.60 and a 200 day moving average of $72.10.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 16.80%.

Wall Street Analyst Weigh In

SMBC has been the subject of several analyst reports. Benchmark raised shares of Southern Missouri Bancorp to a “strong-buy” rating in a research note on Wednesday, September 23rd. Stephens cut Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research note on Thursday, August 6th. Raymond James Financial assumed coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They issued a “market perform” rating on the stock. Piper Sandler reissued a “neutral” rating and set a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Southern Missouri Bancorp presently has an average rating of “Hold” and an average price target of $81.75.

About Southern Missouri Bancorp

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.