NasdaqGM:SMBC

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Southern Missouri Bancorp

Executive Summary

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.


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Southern Missouri Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SMBC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.8%

SMBC

12.9%

US Mortgage

1.2%

US Market


1 Year Return

-31.3%

SMBC

-16.2%

US Mortgage

16.8%

US Market

Return vs Industry: SMBC underperformed the US Mortgage industry which returned -16.2% over the past year.

Return vs Market: SMBC underperformed the US Market which returned 16.8% over the past year.


Shareholder returns

SMBCIndustryMarket
7 Day3.8%12.9%1.2%
30 Day5.2%-1.4%4.9%
90 Day8.6%45.3%20.0%
1 Year-29.9%-31.3%-14.0%-16.2%19.3%16.8%
3 Year-22.6%-26.0%-1.3%-8.3%43.7%34.4%
5 Year19.6%11.3%10.3%-1.8%75.5%56.6%

Price Volatility Vs. Market

How volatile is Southern Missouri Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

24.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMBC ($23.14) is trading below our estimate of fair value ($30.6)

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 (7.6x) compared to the US Mortgage industry average (11.3x).

PE vs Market: SMBC is good value based on its PE Ratio (7.6x) compared to the US market (19.2x).


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's PB Ratio (0.8x) is in line with the US Mortgage industry average.


Next Steps

Future Growth

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

-8.0%

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 (-8% per year).

Earnings vs Market: SMBC's earnings are forecast to decline over the next 3 years (-8% per year).

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

Revenue vs Market: SMBC's revenue (4.6% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: SMBC's revenue (4.6% per year) is forecast to grow slower than 20% 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 (8.2%).


Next Steps

Past Performance

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

19.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMBC has high quality earnings.

Growing Profit Margin: SMBC's current net profit margins (32%) are lower than last year (32.8%).


Past Earnings Growth Analysis

Earnings Trend: SMBC's earnings have grown by 19.1% per year over the past 5 years.

Accelerating Growth: SMBC's earnings growth over the past year (4.4%) is below its 5-year average (19.1% per year).

Earnings vs Industry: SMBC earnings growth over the past year (4.4%) underperformed the Mortgage industry 7.6%.


Return on Equity

High ROE: SMBC's Return on Equity (11.3%) is considered low.


Next Steps

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 (206%).

Low Risk Liabilities: 93% 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 (83%).

Low Risk Deposits: SMBC's Loans to Deposits ratio (100%) is appropriate.

Level of Bad Loans: SMBC has an appropriate level of bad loans (0.6%).


Next Steps

Dividend

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

2.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SMBC's dividend (2.59%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: SMBC's dividend (2.59%) is low compared to the top 25% of dividend payers in the US market (4.29%).


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 (19%), SMBC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SMBC's dividends in 3 years are forecast to be well covered by earnings (24.2% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Banks industry.

Management

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

3.6yrs

Average management tenure


CEO

Greg Steffens (53 yo)

21.58yrs

Tenure

US$551,904

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 ($USD551.90K) is below average for companies of similar size in the US market ($USD1.27M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Greg Steffens
President21.58yrsUS$551.90k3.34%
$ 7.1m
Matthew Funke
Executive VP & CFO14.58yrsUS$318.17k0.55%
$ 1.2m
Mark Hecker
Executive VP & Chief Credit Officer3.58yrsUS$328.18k0.16%
$ 330.0k
Justin Cox
Executive VP & Regional President of Southern Bank West Regionno dataUS$314.42k0.15%
$ 314.1k
Ronald Black
Secretary & Independent Director23.58yrsUS$26.55k0.56%
$ 1.2m
Richard Windes
Executive VP & Chief Lending Officer2.25yrsUS$294.53k0.015%
$ 31.5k
Kimberly Capps
Executive VP & COO14.58yrsUS$254.55k1.24%
$ 2.6m
Lorna Brannum
Investor Relations Contactno datano datano data
Lora Daves
Executive VP & Chief Risk Officerno dataUS$128.18k0.30%
$ 623.4k
Christopher Roberts
Executive VP & Regional President of South Region3yrsno datano data
Brett Dorton
Executive VP & Chief Strategies Officer1.75yrsno data0.044%
$ 93.5k
William Aslin
Market Area Presidentno dataUS$122.31kno data

3.6yrs

Average Tenure

53yo

Average Age

Experienced Management: SMBC's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Greg Steffens
President21.58yrsUS$551.90k3.34%
$ 7.1m
Ronald Black
Secretary & Independent Director23.58yrsUS$26.55k0.56%
$ 1.2m
L. Bagby
Independent Director23.58yrsUS$11.83k0.30%
$ 624.8k
Sammy Schalk
Independent Chairman of the Board1.08yrsUS$38.31k1.1%
$ 2.3m
David Tooley
Independent Director8.83yrsUS$41.05k0.50%
$ 1.1m
Charles Love
Independent Vice Chairman of the Board1.08yrsUS$41.36k0.29%
$ 615.5k
Rebecca Brooks
Independent Director15.83yrsUS$27.81k0.33%
$ 694.2k
Todd Hensley
Independent Director6yrsUS$25.68k5.89%
$ 12.4m
Dennis Robison
Independent Director11.83yrsUS$27.90k0.20%
$ 413.9k

11.8yrs

Average Tenure

69yo

Average Age

Experienced Board: SMBC's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SMBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Southern Missouri Bancorp, Inc.'s company bio, 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$211.208m
  • Shares outstanding: 9.13m
  • Website: https://www.bankwithsouthern.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMBCNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDApr 1994

Biography

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. It offers va ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 23:48
End of Day Share Price2020/08/11 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


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.