Sei Investments Co. boosted its holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC – Free Report) by 288.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 15,001 shares of the savings and loans company’s stock after buying an additional 11,137 shares during the period. Sei Investments Co.’s holdings in Southern Missouri Bancorp were worth $959,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in Southern Missouri Bancorp by 105.7% during the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after purchasing an additional 369 shares during the last quarter. Quarry LP purchased a new position in shares of Southern Missouri Bancorp in the third quarter worth $66,000. Raymond James Financial Inc. bought a new position in shares of Southern Missouri Bancorp during the second quarter valued at $93,000. Strs Ohio bought a new position in shares of Southern Missouri Bancorp during the first quarter valued at $94,000. Finally, Aquatic Capital Management LLC boosted its position in shares of Southern Missouri Bancorp by 140.8% during the third quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 1,138 shares during the last quarter. 49.49% of the stock is currently owned by hedge funds and other institutional investors.
Southern Missouri Bancorp Stock Up 0.5%
Southern Missouri Bancorp stock opened at $77.43 on Thursday. The stock has a market cap of $852.97 million, a PE ratio of 12.04 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. Southern Missouri Bancorp, Inc. has a one year low of $47.60 and a one year high of $79.86. The stock has a fifty day moving average of $75.21 and a 200 day moving average of $68.77.
Southern Missouri Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.27 dividend. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, August 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is currently 16.80%.
Insider Buying and Selling at Southern Missouri Bancorp
In related news, EVP Richard Windes sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $69.70, for a total value 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 trade represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.81% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on SMBC shares. Keefe, Bruyette & Woods boosted their target price on Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Stephens downgraded shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a report on Thursday, August 6th. Wall Street Zen raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Finally, Piper Sandler restated a “neutral” rating and set a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Southern Missouri Bancorp currently has an average rating of “Hold” and an average price target of $83.67.
Read Our Latest Stock Analysis on Southern Missouri Bancorp
Southern Missouri Bancorp 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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