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

30 Oct 2024, 23:05 by Scott Moore · The Cerbat Gem

Southern Missouri Bancorp (NASDAQ:SMBC – Get Free Report) released its quarterly earnings data on Tuesday. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01), Zacks reports. The business had revenue of $74.55 million during the quarter, compared to the consensus estimate 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 Performance

Southern Missouri Bancorp stock traded up $1.53 during trading on Wednesday, reaching $61.15. The company had a trading volume of 34,623 shares, compared to its average volume of 30,344. The firm has a market capitalization of $689.77 million, a price-to-earnings ratio of 13.87 and a beta of 0.96. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $56.72 and its 200 day simple moving average is $49.05. Southern Missouri Bancorp has a 52 week low of $39.00 and a 52 week high of $62.03.

Southern Missouri Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on Southern Missouri Bancorp

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director William E. Young sold 5,000 shares of the firm’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 in the company, valued at $10,851,715.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp 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 sale, the director now owns 218,917 shares of the company’s stock, valued at approximately $10,851,715.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Young sold 500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 223,917 shares of the company’s stock, valued at $11,726,533.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.60% of the stock is currently owned by corporate insiders.

Southern Missouri Bancorp Company Profile

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