Insider Selling: Southern Missouri Bancorp (NASDAQ:SMBC) Director Sells 580 Shares of Stock

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director Charles Love sold 580 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $64.00, for a total transaction of $37,120.00. Following the completion of the transaction, the director owned 15,220 shares in the company, valued at $974,080. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Southern Missouri Bancorp Stock Performance

Shares of Southern Missouri Bancorp stock traded up $0.56 during midday trading on Wednesday, hitting $63.40. The company had a trading volume of 42,227 shares, compared to its average volume of 56,747. The stock has a market cap of $704.25 million, a PE ratio of 10.97 and a beta of 0.96. Southern Missouri Bancorp, Inc. has a 1-year low of $45.10 and a 1-year high of $66.56. The business’s 50 day simple moving average is $62.33 and its two-hundred day simple moving average is $57.81. 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 (NASDAQ:SMBC) last announced its quarterly earnings data on Friday, February 6th. The savings and loans company reported $1.61 EPS for the quarter. The business had revenue of $49.65 million during the quarter. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 11.92%. As a group, equities analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.25 dividend. 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 payout ratio is currently 17.30%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position 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 worth $42,000 after purchasing an additional 369 shares during the last quarter. Quarry LP bought a new position in Southern Missouri Bancorp in the third quarter valued at about $66,000. Raymond James Financial Inc. acquired a new position in Southern Missouri Bancorp during the 2nd quarter valued at about $93,000. Strs Ohio bought a new stake in shares of Southern Missouri Bancorp during the first quarter worth approximately $94,000. Finally, Aquatic Capital Management LLC grew its holdings in Southern Missouri Bancorp by 140.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock worth $102,000 after acquiring an additional 1,138 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

About Southern Missouri Bancorp

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.