Southern Missouri Bancorp, Inc. (NASDAQ:SMBC – Get Free Report) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $83.6667.
A number of research firms have commented on SMBC. Wall Street Zen upgraded shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods increased their price objective on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Raymond James Financial began coverage on shares of Southern Missouri Bancorp in a research note on Tuesday. They set a “market perform” rating on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th.
Check Out Our Latest Analysis on SMBC
Southern Missouri Bancorp Stock Performance
Southern Missouri Bancorp (NASDAQ:SMBC – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.31. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%.The company had revenue of $51.77 million for the quarter, compared to analysts’ expectations of $51.14 million. On average, research analysts forecast that Southern Missouri Bancorp will post 6.9 EPS for the current year.
Southern Missouri Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a dividend of $0.27 per share. This is an increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 14th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 16.80%.
Insider Transactions at Southern Missouri Bancorp
In related news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $69.70, for a total value of $139,400.00. Following the transaction, the executive vice president directly owned 5,375 shares of the company’s stock, valued at approximately $374,637.50. The trade was a 27.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.81% of the company’s stock.
Hedge Funds Weigh In On Southern Missouri Bancorp
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Southern Missouri Bancorp in the 2nd quarter valued at $85,270,000. California State Teachers Retirement System grew its position in shares of Southern Missouri Bancorp by 7,256.0% during the second quarter. California State Teachers Retirement System now owns 645,270 shares of the savings and loans company’s stock valued at $49,176,000 after purchasing an additional 636,498 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Southern Missouri Bancorp during the second quarter valued at about $18,079,000. Raffles Associates LP bought a new stake in shares of Southern Missouri Bancorp in the second quarter worth about $16,092,000. Finally, State Street Corp lifted its position in shares of Southern Missouri Bancorp by 29.2% in the fourth quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock worth $16,312,000 after buying an additional 62,355 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.
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