Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Director William E. Young Sells 10,000 Shares

Key Points

• Director William E. Young sold 10,000 shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) at an average price of $56.30, resulting in a total value of $563,000.
• The company declared a quarterly dividend increase from $0.23 to $0.25, with the payment scheduled for August 29th, 2023, representing a yield of 1.79%.
• Analysts have set new price targets, with Keefe, Bruyette & Woods raising their target from $60 to $63 and Stephens maintaining an "overweight" rating with a target of $65.

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) Director William E. Young sold 10,000 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $56.30, for a total transaction of $563,000.00. Following the completion of the transaction, the director owned 94,987 shares in the company, valued at approximately $5,347,768.10. This trade represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Southern Missouri Bancorp Stock Performance

NASDAQ SMBC traded down $1.62 on Friday, reaching $52.47. The stock had a trading volume of 42,399 shares, compared to its average volume of 52,966. Southern Missouri Bancorp, Inc. has a 12-month low of $45.10 and a 12-month high of $68.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. The business's 50-day moving average price is $54.60 and its 200 day moving average price is $54.53. The stock has a market cap of $592.91 million, a P/E ratio of 10.13 and a beta of 1.03.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The savings and loans company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. Southern Missouri Bancorp had a return on equity of 11.35% and a net margin of 19.17%. The business had revenue of $47.61 million for the quarter, compared to analyst estimates of $46.60 million. As a group, equities analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.23. The ex-dividend date is Friday, August 15th. Southern Missouri Bancorp's payout ratio is 19.31%.

Analyst Upgrades and Downgrades

SMBC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a "market perform" rating in a research note on Friday, July 25th. Stephens reiterated an "overweight" rating and set a $65.00 price target on shares of Southern Missouri Bancorp in a report on Tuesday, April 22nd.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of large investors have recently modified their holdings of SMBC. Private Trust Co. NA acquired a new position in shares of Southern Missouri Bancorp in the 2nd quarter worth approximately $32,000. Quantbot Technologies LP bought a new stake in shares of Southern Missouri Bancorp in the 4th quarter worth $74,000. Strs Ohio bought a new stake in shares of Southern Missouri Bancorp in the 1st quarter worth $94,000. KLP Kapitalforvaltning AS bought a new stake in shares of Southern Missouri Bancorp in the 4th quarter worth $138,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Southern Missouri Bancorp by 147.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,542 shares of the savings and loans company's stock worth $202,000 after acquiring an additional 2,111 shares during the last quarter. Institutional investors and hedge funds own 49.49% of the company's stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.