Southern Missouri Bancorp, Inc. $SMBC Stock Sold by ACR Alpine Capital Research LLC

Key Points

• ACR Alpine Capital Research cut its Southern Missouri Bancorp stake by 31.3% in the third quarter, selling 28,492 shares and ending the period with 62,528 shares valued at about $4.43 million.
• Southern Missouri Bancorp reported quarterly EPS of $1.73, beating the $1.66 consensus estimate; revenue of $53.09 million also topped expectations.
• The company declared a quarterly dividend of $0.27 per share, equivalent to an annualized $1.08 and a 1.5% yield. Analysts’ average rating was “Hold,” with an average price target of $79.50.

ACR Alpine Capital Research LLC lessened its holdings in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 31.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,528 shares of the savings and loans company's stock after selling 28,492 shares during the quarter. ACR Alpine Capital Research LLC owned about 0.57% of Southern Missouri Bancorp worth $4,433,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SMBC. BlackRock Inc. bought a new position in Southern Missouri Bancorp in the 2nd quarter worth about $85,270,000. The Manufacturers Life Insurance Company bought a new stake in shares of Southern Missouri Bancorp during the second quarter valued at about $18,079,000. Raffles Associates LP purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth about $16,092,000. Empowered Funds LLC purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth about $3,512,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth about $3,461,000. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

Southern Missouri Bancorp Stock Performance

Shares of SMBC stock opened at $70.64 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99. Southern Missouri Bancorp, Inc. has a fifty-two week low of $52.52 and a fifty-two week high of $79.86. The stock has a 50 day moving average price of $71.89 and a two-hundred day moving average price of $69.76. The company has a market capitalization of $777.75 million, a P/E ratio of 10.42 and a beta of 0.80.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a net margin of 23.47% and a return on equity of 13.02%. The firm had revenue of $53.09 million for the quarter, compared to analysts' expectations of $52.60 million. Analysts expect that Southern Missouri Bancorp, Inc. will post 6.69 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid 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 of this dividend is Friday, November 13th. Southern Missouri Bancorp's dividend payout ratio is 15.93%.

Analyst Upgrades and Downgrades

SMBC has been the topic of several recent analyst reports. Stephens cut shares of Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 target price on the stock. in a research note on Thursday, August 6th. Hovde Group initiated coverage on Southern Missouri Bancorp in a research note on Monday, October 5th. They set a "market perform" rating and a $76.00 price objective for the company. Piper Sandler decreased 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 research report on Monday, October 26th. Raymond James Financial initiated coverage on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. They issued a "market perform" rating on the stock. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $79.50.

Southern Missouri Bancorp Company Profile

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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