Hsbc Holdings PLC Acquires New Stake in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Hsbc Holdings PLC acquired 19,595 shares of Southern Missouri Bancorp in the second quarter, worth approximately $1.5 million and representing 0.18% of the company. Institutional investors and hedge funds collectively own 49.49% of SMBC.
• Analyst sentiment remains broadly neutral: SMBC has an average rating of “Hold” and a consensus price target of $83.67, compared with its reported trading price of $73.59.
• Southern Missouri Bancorp exceeded quarterly earnings expectations, reporting $1.83 in EPS versus the $1.52 consensus estimate, and raised its quarterly dividend to $0.27 per share, implying a 1.5% annualized yield.

Hsbc Holdings PLC purchased a new position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,595 shares of the savings and loans company's stock, valued at approximately $1,496,000. Hsbc Holdings PLC owned approximately 0.18% of Southern Missouri Bancorp at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of Southern Missouri Bancorp during the second quarter worth $1,439,000. Commerce Bank purchased a new stake in shares of Southern Missouri Bancorp in the second quarter valued at $1,685,000. Maltese Capital Management LLC acquired a new position in Southern Missouri Bancorp in the fourth quarter valued at $3,554,000. ACR Alpine Capital Research LLC increased its stake in Southern Missouri Bancorp by 71.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 91,032 shares of the savings and loans company's stock valued at $5,382,000 after purchasing an additional 37,825 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Southern Missouri Bancorp during the second quarter worth about $18,079,000. Institutional investors and hedge funds own 49.49% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SMBC shares. Stephens downgraded 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 note on Thursday, August 6th. Keefe, Bruyette & Woods raised their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. 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 report on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $83.67.

Southern Missouri Bancorp Trading Down 0.5%

NASDAQ:SMBC opened at $73.59 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. Southern Missouri Bancorp, Inc. has a one year low of $47.60 and a one year high of $79.86. The business's 50-day simple moving average is $76.18 and its 200 day simple moving average is $69.83. The stock has a market cap of $810.96 million, a price-to-earnings ratio of 11.44 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, beating 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 firm had revenue of $51.77 million during the quarter, compared to the consensus estimate of $51.14 million. As a group, sell-side analysts predict that Southern Missouri Bancorp, Inc. will post 6.9 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

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

Insider Activity at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 5,375 shares of the company's stock, valued at approximately $374,637.50. This trade represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.81% of the company's stock.

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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