Southern Missouri Bancorp, Inc. (NASDAQ:SMBC – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.79 and last traded at $77.78, with a volume of 100857 shares changing hands. The stock had previously closed at $76.21.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. Stephens reiterated an “overweight” rating and set a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Piper Sandler reissued a “neutral” rating and set a $79.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.33.
Check Out Our Latest Stock Analysis on Southern Missouri Bancorp
Southern Missouri Bancorp Trading Up 2.1%
Southern Missouri Bancorp (NASDAQ:SMBC – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%.The firm had revenue of $50.25 million during the quarter, compared to analyst estimates of $49.98 million. On average, sell-side analysts expect that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current fiscal year.
Southern Missouri Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. Southern Missouri Bancorp’s dividend payout ratio is currently 16.69%.
Insider Activity
In other news, EVP Richard Windes sold 2,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the transaction, the executive vice president owned 5,375 shares of the company’s stock, valued at approximately $374,637.50. This represents a 27.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.81% of the company’s stock.
Institutional Trading of Southern Missouri Bancorp
Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Southern Missouri Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock worth $296,000 after acquiring an additional 234 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Southern Missouri Bancorp by 124.7% in the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after purchasing an additional 313 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of 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 worth $42,000 after purchasing an additional 369 shares during the period. Swiss National Bank raised its stake in Southern Missouri Bancorp by 2.2% in the fourth quarter. Swiss National Bank now owns 18,953 shares of the savings and loans company’s stock worth $1,121,000 after buying an additional 400 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Southern Missouri Bancorp by 3.5% in the second quarter. Rhumbline Advisers now owns 15,136 shares of the savings and loans company’s stock worth $829,000 after buying an additional 518 shares in the last quarter. 49.49% of the stock is owned by hedge funds and other institutional investors.
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.
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