Southern Missouri Bancorp’s (SMBC) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a report issued on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a $51.00 price target on the savings and loans company’s stock, down from their prior price target of $53.00.

Separately, StockNews.com upgraded shares of Southern Missouri Bancorp from a sell rating to a hold rating in a report on Wednesday, February 7th.

Southern Missouri Bancorp Price Performance

Southern Missouri Bancorp stock opened at $41.38 on Wednesday. Southern Missouri Bancorp has a 12-month low of $30.88 and a 12-month high of $55.45. The stock has a market capitalization of $470.45 million, a P/E ratio of 9.02 and a beta of 0.95. The firm’s 50-day moving average is $42.02 and its two-hundred day moving average is $44.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.97 and a quick ratio of 0.97.

Southern Missouri Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.03%. Southern Missouri Bancorp’s payout ratio is currently 18.30%.

Insider Transactions at Southern Missouri Bancorp

In other news, Director Sammy A. Schalk sold 913 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $44.22, for a total transaction of $40,372.86. Following the transaction, the director now directly owns 93,442 shares in the company, valued at approximately $4,132,005.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 17.41% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SMBC. FORVIS Wealth Advisors LLC purchased a new position in Southern Missouri Bancorp in the first quarter valued at approximately $861,000. BTC Capital Management Inc. purchased a new position in Southern Missouri Bancorp in the first quarter valued at approximately $801,000. FMR LLC raised its holdings in Southern Missouri Bancorp by 2.0% in the third quarter. FMR LLC now owns 807,087 shares of the savings and loans company’s stock valued at $31,226,000 after buying an additional 15,771 shares during the period. First Financial Bankshares Inc purchased a new position in Southern Missouri Bancorp in the fourth quarter valued at approximately $822,000. Finally, Epoch Investment Partners Inc. raised its holdings in Southern Missouri Bancorp by 4.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 272,500 shares of the savings and loans company’s stock valued at $14,549,000 after buying an additional 12,375 shares during the period. Hedge funds and other institutional investors own 49.49% of the company’s stock.

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.