211,153 Shares in Southern Missouri Bancorp, Inc. $SMBC Bought by Raffles Associates LP

Key Points

• Raffles Associates LP acquired 211,153 shares of Southern Missouri Bancorp valued at approximately $16.1 million, making SMBC its largest portfolio holding and representing about 1.92% of the company.
• Southern Missouri Bancorp beat quarterly earnings expectations, reporting $1.83 in EPS versus the $1.52 consensus and $51.77 million in revenue. The company also raised its quarterly dividend to $0.27 per share, equivalent to a 1.5% annual yield.
• Analysts maintain a predominantly neutral view, with a consensus “Hold” rating and an $83.67 price target; institutional investors own 49.49% of SMBC shares.

Raffles Associates LP acquired a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 211,153 shares of the savings and loans company's stock, valued at approximately $16,092,000. Southern Missouri Bancorp accounts for 13.1% of Raffles Associates LP's investment portfolio, making the stock its biggest holding. Raffles Associates LP owned about 1.92% of Southern Missouri Bancorp as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hsbc Holdings PLC bought a new position in shares of Southern Missouri Bancorp during the 2nd quarter worth about $1,496,000. Canada Pension Plan Investment Board bought a new stake in Southern Missouri Bancorp during the 2nd quarter worth approximately $511,000. Legal & General Group Plc purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth approximately $528,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth approximately $18,079,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Southern Missouri Bancorp in the second quarter valued at approximately $1,043,000. 49.49% of the stock is owned by institutional investors.

Southern Missouri Bancorp Trading Up 0.0%

Shares of SMBC stock opened at $74.32 on Friday. The company's fifty day simple moving average is $76.13 and its two-hundred day simple moving average is $69.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. Southern Missouri Bancorp, Inc. has a 1 year low of $47.60 and a 1 year high of $79.86. The stock has a market capitalization of $818.71 million, a price-to-earnings ratio of 11.56 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.52 by $0.31. The company had revenue of $51.77 million during the quarter, compared to analysts' expectations of $51.14 million. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. As a group, analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.9 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 14th. This is a positive change from Southern Missouri Bancorp's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Southern Missouri Bancorp's dividend payout ratio (DPR) is 16.80%.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the sale, the executive vice president owned 5,375 shares of the company's stock, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SMBC shares. Wall Street Zen upgraded Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods increased their price target on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, July 30th. Piper Sandler reiterated a "neutral" rating and set 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 report on Thursday, August 6th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Southern Missouri Bancorp presently has a consensus rating of "Hold" and a consensus price target of $83.67.

Southern Missouri Bancorp Company 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.

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