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

Southern Missouri Bancorp (NASDAQ:SMBC) posted its quarterly earnings data 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, Zacks reports. Southern Missouri Bancorp had a return on equity of 13.02% and a net margin of 23.47%.

Southern Missouri Bancorp Price Performance

NASDAQ:SMBC traded down $0.18 during trading hours on Friday, reaching $70.46. The company had a trading volume of 55,113 shares, compared to its average volume of 86,546. The stock has a 50-day moving average of $71.89 and a two-hundred day moving average of $69.76. Southern Missouri Bancorp has a one year low of $52.52 and a one year high of $79.86. The firm has a market capitalization of $775.98 million, a PE ratio of 10.39 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25.

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 13th. Southern Missouri Bancorp’s dividend payout ratio is 15.93%.

Wall Street Analysts Forecast Growth

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

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.