Southern Missouri Bancorp (NASDAQ:SMBC) Sees Strong Trading Volume

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) saw unusually-strong trading volume on Friday . Approximately 18,927 shares changed hands 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.

Analyst Upgrades and Downgrades

Separately, Stephens started 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 Trading Down 2.2 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The business has a fifty day simple moving average of $53.32 and a 200 day simple moving average of $46.03. The stock has a market capitalization of $630.66 million, a price-to-earnings ratio of 12.38 and a beta of 0.97.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Monday, July 29th. The savings and loans company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.26. Southern Missouri Bancorp had a return on equity of 10.61% and a net margin of 18.37%. The firm had revenue of $42.86 million for the quarter, compared to analyst estimates of $40.18 million. As a group, research analysts expect that Southern Missouri Bancorp, Inc. will post 4.7 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

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

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director William E. Young sold 5,000 shares of the stock in a transaction 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 sale, the director now directly owns 218,917 shares of the company’s stock, valued at approximately $10,851,715.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director William E. Young sold 500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $52.37, for a total transaction of $26,185.00. Following the completion of the sale, the director now directly owns 223,917 shares in the company, valued at approximately $11,726,533.29. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William E. Young sold 5,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $49.57, for a total value of $247,850.00. Following the completion of the transaction, the director now owns 218,917 shares of the company’s stock, valued at $10,851,715.69. The disclosure for this sale can be found here. Insiders own 17.41% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several large investors have recently bought and sold shares of the company. FORVIS Wealth Advisors LLC bought a new position in shares of Southern Missouri Bancorp during the first quarter worth about $861,000. BTC Capital Management Inc. bought a new position in shares of Southern Missouri Bancorp during the first quarter worth about $801,000. Bailard Inc. bought a new position in shares of Southern Missouri Bancorp during the second quarter worth about $293,000. Vanguard Group Inc. raised its position in shares of Southern Missouri Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock worth $25,300,000 after acquiring an additional 3,821 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Southern Missouri Bancorp by 7.4% during the first quarter. Empowered Funds LLC now owns 17,701 shares of the savings and loans company’s stock worth $774,000 after acquiring an additional 1,225 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors.

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.