BlackRock Inc. purchased a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,118,877 shares of the savings and loans company's stock, valued at approximately $85,270,000. BlackRock Inc. owned 10.16% of Southern Missouri Bancorp as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Southern Missouri Bancorp by 29.2% in the fourth quarter. State Street Corp now owns 275,909 shares of the savings and loans company's stock valued at $16,312,000 after acquiring an additional 62,355 shares in the last quarter. Maltese Capital Management LLC purchased a new stake in Southern Missouri Bancorp during the 4th quarter worth about $3,554,000. AQR Capital Management LLC raised its position in Southern Missouri Bancorp by 533.2% in the 4th quarter. AQR Capital Management LLC now owns 62,362 shares of the savings and loans company's stock valued at $3,687,000 after purchasing an additional 52,513 shares in the last quarter. Millennium Management LLC raised its position in Southern Missouri Bancorp by 86.5% in the 3rd quarter. Millennium Management LLC now owns 100,724 shares of the savings and loans company's stock valued at $5,294,000 after purchasing an additional 46,730 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Southern Missouri Bancorp in the 2nd quarter valued at about $3,461,000. Institutional investors and hedge funds own 49.49% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on SMBC. Weiss Ratings reissued a "buy (b)" rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Piper Sandler reaffirmed a "neutral" rating and issued a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. Wall Street Zen upgraded shares of Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Stephens cut shares of Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 price target for the company. in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased 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 report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Southern Missouri Bancorp has an average rating of "Hold" and an average target price of $83.67.
Check Out Our Latest Stock Analysis on Southern Missouri Bancorp
Southern Missouri Bancorp Stock Performance
Shares of Southern Missouri Bancorp stock opened at $73.98 on Friday. The firm has a market capitalization of $815.26 million, a P/E ratio of 11.51 and a beta of 0.86. Southern Missouri Bancorp, Inc. has a 52 week low of $47.60 and a 52 week high of $79.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The firm's 50 day moving average is $76.16 and its two-hundred day moving average is $69.74.
Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.31. The company had revenue of $51.77 million for the quarter, compared to analyst estimates of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%. Research analysts forecast that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current fiscal year.
Southern Missouri Bancorp Increases Dividend
The business also recently announced 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. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.25. Southern Missouri Bancorp's payout ratio is presently 16.80%.
Insider Buying and Selling at Southern Missouri Bancorp
In other news, EVP Richard Windes sold 2,000 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the transaction, the executive vice president directly owned 5,375 shares of the company's stock, valued at $374,637.50. This represents a 27.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.81% of the stock is currently owned by company insiders.
Southern Missouri Bancorp Company Profile
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Free Report)
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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