Southern Missouri Bancorp (NASDAQ:SMBC) Sees Large Volume Increase

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) saw unusually-strong trading volume on Friday . Approximately 10,357 shares traded hands during trading, a decline of 65% from the previous session’s volume of 29,765 shares.The stock last traded at $57.86 and had previously closed at $56.81.

Analysts Set New Price Targets

Separately, Stephens assumed coverage on shares of Southern Missouri Bancorp in a research report on Tuesday, August 13th. They set an “overweight” rating and a $60.00 target price for the company.

Southern Missouri Bancorp Stock Up 1.8 %

The company has a market cap of $656.37 million, a PE ratio of 12.60 and a beta of 0.97. The firm has a 50-day simple moving average of $50.02 and a two-hundred day simple moving average of $44.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Monday, July 29th. The savings and loans company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.26. Southern Missouri Bancorp had a return on equity of 10.73% and a net margin of 18.37%. The firm had revenue of $42.86 million during the quarter, compared to analysts’ expectations of $40.18 million. Research analysts anticipate that Southern Missouri Bancorp, Inc. will post 4.7 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.21. Southern Missouri Bancorp’s payout ratio is currently 20.04%.

Insider Activity at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 500 shares of Southern Missouri Bancorp stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $52.37, for a total value of $26,185.00. Following the completion of the sale, the director now directly owns 223,917 shares of the company’s stock, valued at approximately $11,726,533.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director William E. Young sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $52.37, for a total value of $26,185.00. Following the completion of the sale, the director now directly owns 223,917 shares in the company, valued at $11,726,533.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.57, for a total transaction of $247,850.00. Following the completion of the transaction, the director now owns 218,917 shares in the company, valued at approximately $10,851,715.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,500 shares of company stock valued at $900,435. Company insiders own 17.41% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. ACR Alpine Capital Research LLC increased its position in shares of Southern Missouri Bancorp by 3.5% during the fourth quarter. ACR Alpine Capital Research LLC now owns 35,810 shares of the savings and loans company’s stock worth $1,912,000 after acquiring an additional 1,227 shares during the last quarter. FORVIS Wealth Advisors LLC purchased a new stake in Southern Missouri Bancorp during the 1st quarter worth approximately $861,000. BTC Capital Management Inc. acquired a new position in shares of Southern Missouri Bancorp in the 1st quarter valued at approximately $801,000. Los Angeles Capital Management LLC boosted its stake in shares of Southern Missouri Bancorp by 18.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 7,123 shares of the savings and loans company’s stock valued at $380,000 after buying an additional 1,130 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of Southern Missouri Bancorp in the second quarter worth $293,000. 49.49% of the stock is owned by institutional investors and hedge funds.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.