Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director Douglas Bagby Sells 7,000 Shares

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director Douglas Bagby sold 7,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $59.08, for a total transaction of $413,560.00. Following the transaction, the director now directly owns 21,000 shares in the company, valued at approximately $1,240,680. The trade was a 25.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Southern Missouri Bancorp Price Performance

Shares of SMBC opened at $59.18 on Friday. The firm has a 50-day simple moving average of $59.83 and a two-hundred day simple moving average of $57.74. The stock has a market cap of $667.55 million, a PE ratio of 12.92 and a beta of 0.99. Southern Missouri Bancorp, Inc. has a 1-year low of $39.00 and a 1-year high of $68.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.56% and a net margin of 17.72%. As a group, analysts forecast that Southern Missouri Bancorp, Inc. will post 4.75 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, February 14th. Southern Missouri Bancorp’s payout ratio is 20.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SMBC shares. Keefe, Bruyette & Woods decreased their target price on shares of Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Thursday. Piper Sandler upped their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Stephens reissued an “overweight” rating and set a $76.00 target price on shares of Southern Missouri Bancorp in a research note on Tuesday.

Hedge Funds Weigh In On Southern Missouri Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Southern Missouri Bancorp by 147.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock worth $5,082,000 after purchasing an additional 53,670 shares in the last quarter. Barclays PLC increased its stake in Southern Missouri Bancorp by 90.4% during the 3rd quarter. Barclays PLC now owns 25,273 shares of the savings and loans company’s stock worth $1,427,000 after buying an additional 11,996 shares during the period. Janus Henderson Group PLC increased its stake in Southern Missouri Bancorp by 42.4% during the 3rd quarter. Janus Henderson Group PLC now owns 8,071 shares of the savings and loans company’s stock worth $455,000 after buying an additional 2,404 shares during the period. JPMorgan Chase & Co. lifted its holdings in Southern Missouri Bancorp by 249.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,080 shares of the savings and loans company’s stock worth $1,417,000 after buying an additional 17,895 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Southern Missouri Bancorp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 217,753 shares of the savings and loans company’s stock valued at $12,304,000 after buying an additional 2,113 shares during the period. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

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 deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.