Southern Missouri Bancorp (NASDAQ:SMBC) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) released its quarterly earnings results on Tuesday. The savings and loans company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01), Zacks reports. The firm had revenue of $74.55 million during the quarter, compared to analyst estimates of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.61% and a net margin of 18.37%.

Southern Missouri Bancorp Trading Up 2.6 %

Shares of SMBC stock opened at $61.15 on Thursday. Southern Missouri Bancorp has a twelve month low of $39.00 and a twelve month high of $62.03. The company has a market capitalization of $689.77 million, a price-to-earnings ratio of 13.87 and a beta of 0.96. The firm has a 50-day moving average price of $56.72 and a 200 day moving average price of $49.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio is presently 20.86%.

Analysts Set New Price Targets

Several analysts have weighed in on SMBC shares. Stephens upped their target price on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler boosted their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday.

Insider Transactions at Southern Missouri Bancorp

In related news, Director William E. Young sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 218,917 shares of the company’s stock, valued at approximately $10,851,715.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Southern Missouri Bancorp news, Director William E. Young sold 500 shares of Southern Missouri Bancorp stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $52.37, for a total value of $26,185.00. Following the completion of the sale, the director now owns 223,917 shares in the company, valued at $11,726,533.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Young sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $49.57, for a total transaction of $247,850.00. Following the completion of the sale, the director now directly owns 218,917 shares in the company, valued at $10,851,715.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.60% of the company’s stock.

About Southern Missouri Bancorp

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