Southern Missouri Bancorp, Inc. (SMBC) to Issue Quarterly Dividend of $0.27 on August 31st

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.27 per share by the savings and loans company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. This is a 8.0% increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.25.

Southern Missouri Bancorp has raised its dividend payment by an average of 0.1%per year over the last three years and has raised 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 research analysts expect Southern Missouri Bancorp to earn $7.15 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 15.1%.

Southern Missouri Bancorp Trading Up 0.8%

NASDAQ:SMBC opened at $77.04 on Wednesday. The company’s 50 day moving average price is $75.02 and its 200-day moving average price is $68.68. Southern Missouri Bancorp has a 52 week low of $47.60 and a 52 week high of $79.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock has a market cap of $848.98 million, a price-to-earnings ratio of 11.98 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.31. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. The company had revenue of $51.77 million during the quarter, compared to the consensus estimate of $51.14 million. On average, equities research analysts forecast that Southern Missouri Bancorp will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the sale, the executive vice president directly owned 5,375 shares in the company, valued at approximately $374,637.50. The trade was a 27.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMBC. AQR Capital Management LLC grew its stake in shares of Southern Missouri Bancorp by 122.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company’s stock valued at $501,000 after purchasing an additional 5,306 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Southern Missouri Bancorp by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock worth $296,000 after purchasing an additional 234 shares during the period. Empowered Funds LLC lifted its stake in shares of Southern Missouri Bancorp by 8.2% in the 1st quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company’s stock worth $1,173,000 after purchasing an additional 1,702 shares during the period. Jane Street Group LLC purchased a new position in shares of Southern Missouri Bancorp in the first quarter worth approximately $740,000. Finally, Strs Ohio bought a new stake in Southern Missouri Bancorp during the first quarter valued at approximately $94,000. Institutional investors own 49.49% of the company’s stock.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.