NasdaqGM:SMBC

Stock Analysis Report

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

Fundamentals

Excellent balance sheet with proven track record and pays a dividend.


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


Market Performance


7 Day Return

0.1%

SMBC

2.6%

US Mortgage

0.07%

US Market


1 Year Return

1.6%

SMBC

20.8%

US Mortgage

8.9%

US Market

Return vs Industry: SMBC underperformed the US Mortgage industry which returned 20.8% over the past year.

Return vs Market: SMBC underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

SMBCIndustryMarket
7 Day0.1%2.6%0.07%
30 Day-3.0%2.7%-0.3%
90 Day11.1%5.8%-1.6%
1 Year3.3%1.6%23.5%20.8%11.3%8.9%
3 Year50.3%44.1%43.1%33.3%46.3%36.8%
5 Year114.7%99.1%72.7%54.1%62.1%44.3%

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?

11.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SMBC ($36.08) is trading above our estimate of fair value ($24.52)

Significantly Below Fair Value: SMBC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SMBC is good value based on its PE Ratio (11.2x) compared to the Mortgage industry average (14.5x).

PE vs Market: SMBC is good value based on its PE Ratio (11.2x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SMBC's PEG Ratio to determine if it is good value.


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).


Next Steps

Future Growth

How is Southern Missouri Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.8%

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 (-1.8% per year).

Earnings vs Market: SMBC's earnings are forecast to decline over the next 3 years (-1.8% per year).

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

Revenue vs Market: Insufficient data to determine if SMBC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SMBC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SMBC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

19.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SMBC's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: SMBC's earnings growth over the past year (30.9%) exceeds its 5-year average (19.3% per year).

Earnings vs Industry: SMBC earnings growth over the past year (30.9%) exceeded the Mortgage industry 30.7%.


Return on Equity

High ROE: SMBC's Return on Equity (12.4%) is considered low.


Return on Assets

ROA vs Industry: SMBC has a higher Return on Assets than the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SMBC's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: SMBC has a low level of unsold assets or inventory.

Debt Coverage by Assets: SMBC's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: SMBC's level of assets compared to its equity is low.

Allowance for Bad Loans: SMBC has a low allowance for bad loans.

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

Loan Level: SMBC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SMBC's loans are broadly funded by customer deposits.

Level of Bad Loans: SMBC has an appropriate level of bad loans (1.1%)


Next Steps

Dividend

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

1.66%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Years1.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SMBC's dividend (1.66%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: SMBC's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (16.7%), SMBC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Southern Missouri Bancorp's salary, the management and board of directors tenure and is there insider trading?

8.3yrs

Average management tenure


CEO

Greg Steffens (52yo)

20.8yrs

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 ($USD551.90K) is below average for companies of similar size in the US market ($USD1.81M).

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


Management Age and Tenure

8.3yrs

Average Tenure

52yo

Average Age

Experienced Management: SMBC's management team is seasoned and experienced (8.3 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

68.5yo

Average Age

Experienced Board: SMBC's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Greg Steffens (52yo)

    President

    • Tenure: 20.8yrs
    • Compensation: US$551.90k
  • Ronnie Black (71yo)

    Secretary & Director

    • Tenure: 22.8yrs
    • Compensation: US$26.55k
  • Kim Capps (52yo)

    Executive VP & COO

    • Tenure: 13.8yrs
    • Compensation: US$254.55k
  • Mark Hecker (53yo)

    Executive VP & Chief Credit Officer

    • Tenure: 2.8yrs
    • Compensation: US$328.18k
  • Lora Daves

    Executive VP & Chief Risk Officer

    • Tenure: 0yrs
    • Compensation: US$128.18k
  • Matt Funke (43yo)

    Executive VP & CFO

    • Tenure: 13.8yrs
    • Compensation: US$318.17k
  • Lorna Brannum

    Investor Relations Contact

    • Tenure: 0yrs
  • Justin Cox

    Executive VP & Regional President of Southern Bank West Region

    • Tenure: 0yrs
    • Compensation: US$314.42k
  • Chris Roberts

    Executive VP & Regional President of South Region

    • Tenure: 2.2yrs
  • Rick Windes

    Executive VP & Chief Lending Officer

    • Tenure: 1.4yrs
    • Compensation: US$294.53k

Board Members

  • Greg Steffens (52yo)

    President

    • Tenure: 20.8yrs
    • Compensation: US$551.90k
  • Ronnie Black (71yo)

    Secretary & Director

    • Tenure: 22.8yrs
    • Compensation: US$26.55k
  • L. Bagby (69yo)

    • Tenure: 22.8yrs
    • Compensation: US$11.83k
  • Sam Schalk (70yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: US$38.31k
  • Dave Tooley (70yo)

    Independent Director

    • Tenure: 8yrs
    • Compensation: US$41.05k
  • Charles Love (68yo)

    Vice Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: US$41.36k
  • Becky Brooks (63yo)

    Independent Director

    • Tenure: 15yrs
    • Compensation: US$27.81k
  • Todd Hensley (52yo)

    Director

    • Tenure: 5.2yrs
    • Compensation: US$25.68k
  • Dennis Robison (65yo)

    Independent Director

    • Tenure: 11yrs
    • Compensation: US$27.90k
  • John Abercrombie (74yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$24.00k

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$332.000m
  • Shares outstanding: 9.20m
  • 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 Analysis2019/10/22 23:41
End of Day Share Price2019/10/22 00:00
Earnings2019/09/30
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.