Charles Love Sells 580 Shares of Southern Missouri Bancorp (NASDAQ:SMBC) Stock

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director Charles Love sold 580 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $64.00, for a total value of $37,120.00. Following the completion of the transaction, the director directly owned 15,220 shares in the company, valued at $974,080. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Southern Missouri Bancorp Trading Down 1.5%

NASDAQ SMBC opened at $62.43 on Friday. The stock has a market capitalization of $693.60 million, a P/E ratio of 10.80 and a beta of 0.96. The business has a 50 day simple moving average of $62.39 and a 200 day simple moving average of $57.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. Southern Missouri Bancorp, Inc. has a one year low of $45.10 and a one year high of $66.56.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Friday, February 6th. The savings and loans company reported $1.61 earnings per share (EPS) for the quarter. The firm had revenue of $49.65 million for the quarter. Southern Missouri Bancorp had a return on equity of 11.92% and a net margin of 20.80%. Research analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.00 annualized dividend and a yield of 1.6%. Southern Missouri Bancorp’s dividend payout ratio is currently 17.30%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler reissued a “neutral” rating and set a $68.00 price objective (up from $61.00) on shares of Southern Missouri Bancorp in a research report on Monday, January 26th. Keefe, Bruyette & Woods raised their price objective on Southern Missouri Bancorp from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Weiss Ratings upgraded shares of Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, Stephens reissued an “overweight” rating and set a $73.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Institutional Trading of Southern Missouri Bancorp

Several institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Southern Missouri Bancorp during the fourth quarter valued at about $202,000. NewEdge Advisors LLC increased its stake in Southern Missouri Bancorp by 105.7% in the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after buying an additional 369 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Southern Missouri Bancorp by 68.0% during the 4th quarter. Empowered Funds LLC now owns 44,596 shares of the savings and loans company’s stock worth $2,637,000 after buying an additional 18,053 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Southern Missouri Bancorp in the 4th quarter worth approximately $318,000. Finally, Polymer Capital Management US LLC grew its holdings in shares of Southern Missouri Bancorp by 20.9% in the fourth quarter. Polymer Capital Management US LLC now owns 6,375 shares of the savings and loans company’s stock valued at $377,000 after acquiring an additional 1,102 shares in the last quarter. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.