Insider Selling: Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director Sells 7,000 Shares of Stock

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) Director Douglas Bagby sold 7,000 shares of the stock in a transaction on 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 owns 21,000 shares of the company's stock, valued at $1,240,680. This trade represents a 25.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Southern Missouri Bancorp Trading Up 2.2 %

NASDAQ SMBC traded up $1.25 during trading on Tuesday, hitting $59.08. The stock had a trading volume of 25,274 shares, compared to its average volume of 38,040. Southern Missouri Bancorp, Inc. has a one year low of $39.00 and a one year high of $68.69. The stock has a 50 day simple moving average of $59.51 and a 200 day simple moving average of $57.97. The stock has a market capitalization of $666.42 million, a price-to-earnings ratio of 12.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Southern Missouri Bancorp, Inc. will post 4.75 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, February 14th. Southern Missouri Bancorp's dividend payout ratio is currently 20.09%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SMBC. Piper Sandler boosted their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Stephens reissued an "overweight" rating and set a $76.00 target price on shares of Southern Missouri Bancorp in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods lowered their price target on Southern Missouri Bancorp from $70.00 to $68.00 and set a "market perform" rating for the company in a research report on Thursday, January 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC boosted its position in Southern Missouri Bancorp by 6.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 13,350 shares of the savings and loans company's stock valued at $766,000 after buying an additional 780 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Southern Missouri Bancorp by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 45,918 shares of the savings and loans company's stock valued at $2,634,000 after acquiring an additional 915 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its holdings in shares of Southern Missouri Bancorp by 1.0% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 19,909 shares of the savings and loans company's stock valued at $1,142,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC grew its stake in Southern Missouri Bancorp by 4.7% in the fourth quarter. Empowered Funds LLC now owns 20,844 shares of the savings and loans company's stock worth $1,196,000 after purchasing an additional 945 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Southern Missouri Bancorp by 21.6% during the 4th quarter. SG Americas Securities LLC now owns 5,026 shares of the savings and loans company's stock worth $288,000 after purchasing an additional 894 shares during the period. 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 deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.