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SMBC

Southern Missouri BancorpNasdaqGM:SMBC Stock Report

Market Cap

US$384.8m

7D

2.7%

1Y

86.5%

Updated

26 Sep, 2021

Data

Company Financials +
SMBC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

SMBC Overview

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.

Southern Missouri Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Southern Missouri Bancorp
Historical stock prices
Current Share PriceUS$43.26
52 Week HighUS$21.50
52 Week LowUS$46.59
Beta0.97
1 Month Change-4.23%
3 Month Change-5.38%
1 Year Change86.47%
3 Year Change16.07%
5 Year Change73.74%
Change since IPO1,609.04%

Recent News & Updates

Jul 30
Southern Missouri Bancorp's (NASDAQ:SMBC) Dividend Will Be Increased To US$0.20

Southern Missouri Bancorp's (NASDAQ:SMBC) Dividend Will Be Increased To US$0.20

Southern Missouri Bancorp, Inc.'s ( NASDAQ:SMBC ) dividend will be increasing to US$0.20 on 31st of August. This takes...

Shareholder Returns

SMBCUS MortgageUS Market
7D2.7%0.7%0.1%
1Y86.5%23.1%35.3%

Return vs Industry: SMBC exceeded the US Mortgage industry which returned 23.1% over the past year.

Return vs Market: SMBC exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is SMBC's price volatile compared to industry and market?
SMBC volatility
SMBC Beta0.97
Industry Beta1.12
Market Beta1

Stable Share Price: SMBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SMBC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1887473Greg Steffenshttps://www.bankwithsouthern.com

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 business banking, business financing, and business services. It also provides personal banking services, which include online and mobile banking, checking and savings, mortgage and refinance, and loans and credit services.

Southern Missouri Bancorp Fundamentals Summary

How do Southern Missouri Bancorp's earnings and revenue compare to its market cap?
SMBC fundamental statistics
Market CapUS$384.78m
Earnings (TTM)US$47.03m
Revenue (TTM)US$113.75m

8.2x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMBC income statement (TTM)
RevenueUS$113.75m
Cost of RevenueUS$0
Gross ProfitUS$113.75m
ExpensesUS$66.73m
EarningsUS$47.03m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.29
Gross Margin100.00%
Net Profit Margin41.34%
Debt/Equity Ratio25.7%

How did SMBC perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Southern Missouri Bancorp undervalued compared to its fair value and its price relative to the market?

28.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMBC ($43.26) is trading below our estimate of fair value ($60.7)

Significantly Below Fair Value: SMBC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SMBC is good value based on its PE Ratio (8.2x) compared to the US Mortgage industry average (12.1x).

PE vs Market: SMBC is good value based on its PE Ratio (8.2x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: SMBC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SMBC is overvalued based on its PB Ratio (1.4x) compared to the US Mortgage industry average (1.1x).


Future Growth

How is Southern Missouri Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMBC's earnings are forecast to decline over the next 3 years (-13.1% per year).

Earnings vs Market: SMBC's earnings are forecast to decline over the next 3 years (-13.1% per year).

High Growth Earnings: SMBC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SMBC's revenue is expected to decline over the next 3 years (-2.4% per year).

High Growth Revenue: SMBC's revenue is forecast to decline over the next 3 years (-2.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMBC's Return on Equity is forecast to be low in 3 years time (11.1%).


Past Performance

How has Southern Missouri Bancorp performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMBC has high quality earnings.

Growing Profit Margin: SMBC's current net profit margins (41.3%) are higher than last year (31.2%).


Past Earnings Growth Analysis

Earnings Trend: SMBC's earnings have grown significantly by 21.7% per year over the past 5 years.

Accelerating Growth: SMBC's earnings growth over the past year (70.7%) exceeds its 5-year average (21.7% per year).

Earnings vs Industry: SMBC earnings growth over the past year (70.7%) exceeded the Mortgage industry 34%.


Return on Equity

High ROE: SMBC's Return on Equity (16.6%) is considered low.


Financial Health

How is Southern Missouri Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SMBC's Assets to Equity ratio (9.5x) is low.

Allowance for Bad Loans: SMBC has a sufficient allowance for bad loans (566%).

Low Risk Liabilities: 96% of SMBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: SMBC has an appropriate level of Loans to Assets ratio (81%).

Low Risk Deposits: SMBC's Loans to Deposits ratio (94%) is appropriate.

Level of Bad Loans: SMBC has an appropriate level of bad loans (0.3%).


Dividend

What is Southern Missouri Bancorp current dividend yield, its reliability and sustainability?

1.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SMBC's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: SMBC's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: SMBC's dividends per share have been stable in the past 10 years.

Growing Dividend: SMBC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.9%), SMBC's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SMBC's dividends in 3 years are forecast to be well covered by earnings (20% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Greg Steffens (54 yo)

22.67yrs

Tenure

US$595,934

Compensation

Mr. Greg A. Steffens has been the Chief Executive Officer and President at Southern Missouri Bancorp, Inc. since 1999. Mr. Steffens serves as President and Chief Executive Officer of Southern Bank. He serv...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD595.93K) is below average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SMBC's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: SMBC's board of directors are seasoned and experienced ( 12.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Southern Missouri Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Southern Missouri Bancorp, Inc.
  • Ticker: SMBC
  • Exchange: NasdaqGM
  • Founded: 1887
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$384.779m
  • Shares outstanding: 8.89m
  • Website: https://www.bankwithsouthern.com

Number of Employees


Location

  • Southern Missouri Bancorp, Inc.
  • 2991 Oak Grove Road
  • Poplar Bluff
  • Missouri
  • 63901
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:19
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.