Hsbc Holdings PLC Takes $1.50 Million Position in Southern Missouri Bancorp, Inc. $SMBC

Hsbc Holdings PLC purchased a new position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,595 shares of the savings and loans company’s stock, valued at approximately $1,496,000.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Southern Missouri Bancorp in the second quarter valued at about $85,270,000. Dimensional Fund Advisors LP raised its stake in Southern Missouri Bancorp by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock valued at $28,187,000 after buying an additional 11,946 shares in the last quarter. FJ Capital Management LLC lifted its holdings in Southern Missouri Bancorp by 6.4% during the 3rd quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock worth $15,818,000 after buying an additional 18,002 shares during the last quarter. State Street Corp lifted its holdings in Southern Missouri Bancorp by 29.2% during the 4th quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock worth $16,312,000 after buying an additional 62,355 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Southern Missouri Bancorp in the 2nd quarter worth approximately $18,079,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Richard Windes sold 2,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $69.70, for a total value of $139,400.00. Following the completion of the transaction, the executive vice president owned 5,375 shares of the company’s stock, valued at approximately $374,637.50. This represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 15.81% of the company’s stock.

Southern Missouri Bancorp Stock Performance

SMBC opened at $73.59 on Tuesday. The business’s 50 day moving average is $76.18 and its 200-day moving average is $69.83. The stock has a market cap of $810.96 million, a PE ratio of 11.44 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. Southern Missouri Bancorp, Inc. has a twelve month low of $47.60 and a twelve month high of $79.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.31. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%.The business had revenue of $51.77 million during the quarter, compared to analyst estimates of $51.14 million. On average, analysts predict that Southern Missouri Bancorp, Inc. will post 6.9 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a dividend of $0.27 per share. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, August 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Southern Missouri Bancorp’s payout ratio is presently 16.80%.

Analyst Upgrades and Downgrades

SMBC has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. Stephens cut Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a research note on Thursday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Wall Street Zen raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.67.

Southern Missouri Bancorp Profile

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.