Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director Sells $179,700.00 in Stock

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director William E. Young sold 3,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the transaction, the director now directly owns 48,649 shares of the company’s stock, valued at approximately $2,914,075.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Southern Missouri Bancorp Stock Down 1.0 %

Shares of Southern Missouri Bancorp stock traded down $0.62 during midday trading on Friday, hitting $58.68. The company had a trading volume of 22,225 shares, compared to its average volume of 30,270. Southern Missouri Bancorp, Inc. has a 52-week low of $39.00 and a 52-week high of $62.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $661.91 million, a P/E ratio of 13.63 and a beta of 0.96. The company has a 50 day moving average of $56.82 and a 200 day moving average of $49.12.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.32% and a net margin of 17.44%. On average, equities analysts predict that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 annualized dividend and a yield of 1.57%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 21.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Southern Missouri Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock worth $25,300,000 after acquiring an additional 3,821 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Southern Missouri Bancorp by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock worth $15,947,000 after purchasing an additional 16,085 shares in the last quarter. Raffles Associates LP increased its holdings in shares of Southern Missouri Bancorp by 1.3% in the 2nd quarter. Raffles Associates LP now owns 242,292 shares of the savings and loans company’s stock worth $10,906,000 after purchasing an additional 3,000 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Southern Missouri Bancorp by 23.2% in the second quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock worth $6,545,000 after purchasing an additional 27,388 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Southern Missouri Bancorp by 8.2% during the second quarter. Renaissance Technologies LLC now owns 107,734 shares of the savings and loans company’s stock valued at $4,849,000 after purchasing an additional 8,200 shares in the last quarter. Institutional investors own 49.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SMBC. Stephens raised their target price on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday. Piper Sandler lifted their price target on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday.

Southern Missouri Bancorp Company Profile

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 deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.