Southern Missouri Bancorp (NASDAQ:SMBC) Sees Unusually-High Trading Volume

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares saw an uptick in trading volume on Friday . 18,927 shares were traded during trading, a decline of 37% from the previous session’s volume of 30,061 shares.The stock last traded at $56.81 and had previously closed at $57.19.

Wall Street Analyst Weigh In

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

Southern Missouri Bancorp Stock Performance

The company has a market cap of $630.66 million, a PE ratio of 12.38 and a beta of 0.97. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $53.32 and a 200-day moving average of $46.03.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results 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. The business had revenue of $42.86 million for the quarter, compared to analyst estimates of $40.18 million. Southern Missouri Bancorp had a return on equity of 10.61% and a net margin of 18.37%. As a group, analysts anticipate that Southern Missouri Bancorp, Inc. will post 4.7 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.23 dividend. The ex-dividend date was Thursday, August 15th. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. Southern Missouri Bancorp’s payout ratio is presently 20.04%.

Insider Buying and Selling at Southern Missouri Bancorp

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMBC. EntryPoint Capital LLC purchased a new stake in Southern Missouri Bancorp during the 1st quarter valued at $25,000. XTX Topco Ltd purchased a new stake in Southern Missouri Bancorp during the 2nd quarter valued at $210,000. BNP Paribas Financial Markets boosted its stake in Southern Missouri Bancorp by 86.8% during the 1st quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock valued at $207,000 after purchasing an additional 2,206 shares during the last quarter. Bailard Inc. purchased a new stake in Southern Missouri Bancorp during the 2nd quarter valued at $293,000. Finally, Squarepoint Ops LLC boosted its stake in Southern Missouri Bancorp by 94.8% during the 2nd quarter. Squarepoint Ops LLC now owns 13,111 shares of the savings and loans company’s stock valued at $590,000 after purchasing an additional 6,381 shares during the last quarter. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

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.