Southern Missouri Bancorp (NASDAQ:SMBC) Announces Earnings Results, Misses Estimates By $0.01 EPS

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

Southern Missouri Bancorp Stock Up 2.6 %

Shares of SMBC stock traded up $1.53 during trading on Wednesday, reaching $61.15. The company’s stock had a trading volume of 34,623 shares, compared to its average volume of 30,344. The business has a fifty day moving average price of $56.72 and a 200-day moving average price of $49.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a market cap of $689.77 million, a price-to-earnings ratio of 13.87 and a beta of 0.96. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $62.03.

Southern Missouri Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the company’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 sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the company’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 sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William E. Young sold 500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $52.37, for a total transaction of $26,185.00. Following the sale, the director now directly owns 223,917 shares in the company, valued at $11,726,533.29. This trade 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.