Southern Missouri Bancorp, Inc. (NASDAQ:SMBC), a savings institution headquartered in Poplar Bluff, Missouri, has declared its 122nd consecutive quarterly dividend on common stock since the company's inception. The announcement, made on Tuesday, October 22, 2024, confirmed a dividend of $0.23 per common share, payable on November 29, 2024, to shareholders of record as of the close of business on November 15, 2024.
In addition to the dividend declaration, Southern Missouri Bancorp also disclosed plans to release its preliminary operating results for the quarter ended September 30, 2024, on Monday, October 28, 2024. Following the release, the company intends to host a conference call to discuss these results on Tuesday, October 29, 2024, at 9:30 a.m. Central Time. Interested parties can join the call by dialing a toll-free number in the United States and using the provided participant access code. A telephone playback of the conference call will be available shortly after its conclusion and can be accessed until November 2, 2024, using a specified passcode.
The company's consistent payment of dividends reflects its ongoing commitment to shareholder returns. This financial event is significant for investors and stockholders who track the performance and stability of their investments in Southern Missouri Bancorp. The upcoming release of the quarterly operating results will provide further insights into the company's financial health and operational performance.
This news is based on a recent SEC filing by Southern Missouri Bancorp, Inc.
"In other recent news, Southern Missouri Bancorp reported an increase in profitability for the June quarter, marking the end of their fiscal year. The full fiscal year earnings were $4.42 per share, up from $3.85 in the previous year. The company also declared a 9.5% hike in their quarterly dividend and reported robust loan growth. Stephens, an investment firm, initiated coverage on Southern Missouri Bancorp, assigning the stock an Overweight rating and setting a price target of $60.00. The firm highlighted the bank's consistent profitability and potential for net interest margin (NIM) expansion in the near term. The bank is also exploring potential mergers and acquisitions to achieve scale in target markets. Despite a decrease in earnings per share for the quarter compared to the same period last year, the company reported an increase in profitability in a challenging rate environment. These recent developments reflect Southern Missouri Bancorp's resilience and strategic growth in the current economic climate."
InvestingPro Insights
Southern Missouri Bancorp's (NASDAQ:SMBC) latest dividend declaration aligns with its strong track record of shareholder returns. InvestingPro data reveals that SMBC has maintained dividend payments for an impressive 30 consecutive years, with 12 years of consecutive dividend raises. This consistency underscores the company's financial stability and commitment to shareholder value.
The company's financial health appears robust, with a P/E ratio of 13.11, suggesting it may be undervalued relative to its earnings. This is further supported by an InvestingPro Tip indicating that SMBC is trading at a low P/E ratio relative to its near-term earnings growth. Additionally, the company has demonstrated strong performance, with a remarkable 52.05% price total return over the past year.
For investors seeking more comprehensive analysis, InvestingPro offers 10 additional tips for SMBC, providing deeper insights into the company's financial position and market performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.