50,580 Shares of Southern Missouri Bancorp, Inc. $SMBC Purchased by Missouri Trust & Investment Co

Key Points

• Missouri Trust & Investment Co. bought 50,580 Southern Missouri Bancorp shares in the third quarter, valued at about $3.6 million. The stake represented approximately 0.46% of the company; institutional investors and hedge funds collectively owned 49.49% of its stock.
• Southern Missouri Bancorp reported quarterly earnings of $1.73 per share, beating the $1.66 analyst consensus. It also announced a quarterly dividend of $0.27 per share, equivalent to a 1.5% annualized yield.
• Analyst opinion was mostly neutral: the stock had an average rating of Hold and an average price target of $79.50, with ratings ranging from Strong Buy to Hold.

Missouri Trust & Investment Co acquired a new position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,580 shares of the savings and loans company's stock, valued at approximately $3,586,000. Southern Missouri Bancorp accounts for approximately 1.0% of Missouri Trust & Investment Co's investment portfolio, making the stock its 19th biggest position. Missouri Trust & Investment Co owned approximately 0.46% of Southern Missouri Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMBC. BlackRock Inc. acquired a new position in Southern Missouri Bancorp during the 2nd quarter valued at about $85,270,000. Dimensional Fund Advisors LP grew its position in shares of Southern Missouri Bancorp by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company's stock worth $28,187,000 after buying an additional 11,946 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter worth approximately $18,079,000. Raffles Associates LP bought a new stake in shares of Southern Missouri Bancorp during the second quarter worth approximately $16,092,000. Finally, Empowered Funds LLC bought a new stake in shares of Southern Missouri Bancorp during the second quarter worth approximately $3,512,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Price Performance

NASDAQ:SMBC opened at $70.46 on Monday. Southern Missouri Bancorp, Inc. has a 1 year low of $52.52 and a 1 year high of $79.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The stock has a market cap of $775.76 million, a price-to-earnings ratio of 10.39 and a beta of 0.80. The stock has a 50-day moving average price of $71.81 and a two-hundred day moving average price of $69.81.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Southern Missouri Bancorp had a return on equity of 13.02% and a net margin of 23.47%. As a group, equities analysts expect that Southern Missouri Bancorp, Inc. will post 6.69 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 13th. Southern Missouri Bancorp's dividend payout ratio is presently 15.93%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SMBC. Piper Sandler cut their price objective on shares of Southern Missouri Bancorp from $83.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, October 26th. Benchmark upgraded shares of Southern Missouri Bancorp to a "strong-buy" rating in a research report on Wednesday, September 23rd. Raymond James Financial began coverage on Southern Missouri Bancorp in a research note on Tuesday, September 1st. They issued a "market perform" rating on the stock. Stephens downgraded Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 price target on the stock. in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Southern Missouri Bancorp presently has an average rating of "Hold" and an average price target of $79.50.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank's presence across Missouri and neighboring Midwestern and Southern markets.

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