Raffles Associates LP Takes $16.09 Million Position in Southern Missouri Bancorp, Inc. $SMBC

Raffles Associates LP acquired a new position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 211,153 shares of the savings and loans company’s stock, valued at approximately $16,092,000. Southern Missouri Bancorp makes up 13.1% of Raffles Associates LP’s holdings, making the stock its largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of SMBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $296,000 after acquiring an additional 234 shares during the period. Royal Bank of Canada lifted its position in Southern Missouri Bancorp by 124.7% in the first 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 during the last quarter. Allworth Financial LP bought a new stake in Southern Missouri Bancorp in the second quarter valued at approximately $26,000. NewEdge Advisors LLC boosted its stake in shares of Southern Missouri Bancorp by 105.7% during the fourth 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 period. Finally, Swiss National Bank boosted its stake in shares of Southern Missouri Bancorp by 2.2% during the fourth quarter. Swiss National Bank now owns 18,953 shares of the savings and loans company’s stock valued at $1,121,000 after purchasing an additional 400 shares during the period. Institutional investors own 49.49% of the company’s stock.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction that occurred 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 sale, the executive vice president directly owned 5,375 shares in the company, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SMBC has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Piper Sandler reiterated a “neutral” rating and set a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. Wall Street Zen raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Stephens lowered 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. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $83.67.

Southern Missouri Bancorp Price Performance

Shares of SMBC stock opened at $74.32 on Friday. The firm has a market cap of $818.71 million, a P/E ratio of 11.56 and a beta of 0.86. Southern Missouri Bancorp, Inc. has a fifty-two week low of $47.60 and a fifty-two week high of $79.86. The business’s 50 day moving average price is $76.13 and its 200-day moving average price is $69.71. 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 (NASDAQ:SMBC) last posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $51.77 million for the quarter, compared to analysts’ expectations of $51.14 million. On average, equities research analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.9 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently announced 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 represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 16.80%.

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.