Bank of New York Mellon Corp Purchases Shares of 45,416 Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Bank of New York Mellon acquired 45,416 shares of Southern Missouri Bancorp worth approximately $3.46 million, representing about 0.41% of the company. Institutional investors and hedge funds collectively own 49.49% of SMBC.
• Analyst sentiment remains cautious, with one Buy rating and four Holds; the consensus rating is Hold and the average price target is $83.67.
• Southern Missouri Bancorp exceeded quarterly earnings expectations, reporting $1.83 in EPS versus $1.52 forecast, and raised its quarterly dividend to $0.27 per share, or $1.08 annually.

Bank of New York Mellon Corp acquired a new position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,416 shares of the savings and loans company's stock, valued at approximately $3,461,000. Bank of New York Mellon Corp owned approximately 0.41% of Southern Missouri Bancorp at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Southern Missouri Bancorp by 122.9% in the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company's stock valued at $501,000 after buying an additional 5,306 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Southern Missouri Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company's stock worth $296,000 after acquiring an additional 234 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Southern Missouri Bancorp by 8.2% in the first quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company's stock worth $1,173,000 after acquiring an additional 1,702 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Southern Missouri Bancorp in the first quarter valued at $740,000. Finally, Strs Ohio acquired a new stake in shares of Southern Missouri Bancorp during the first quarter valued at $94,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on SMBC. Piper Sandler reissued a "neutral" rating and issued a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Stephens lowered shares of Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a research report on Thursday, August 6th. Keefe, Bruyette & Woods upped their price objective on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Raymond James Financial initiated coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.67.

Southern Missouri Bancorp Price Performance

Shares of SMBC opened at $74.17 on Monday. Southern Missouri Bancorp, Inc. has a fifty-two week low of $47.60 and a fifty-two week high of $79.86. The company's fifty day moving average is $76.06 and its two-hundred day moving average is $70.08. The firm has a market cap of $817.35 million, a PE ratio of 11.53 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 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 the consensus estimate of $51.14 million. Analysts forecast that Southern Missouri Bancorp, Inc. will post 6.78 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 14th. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.25. Southern Missouri Bancorp's dividend payout ratio (DPR) is presently 16.80%.

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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