8,484 Shares in Southern Missouri Bancorp, Inc. $SMBC Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,484 shares of the savings and loans company’s stock, valued at approximately $647,000. Ieq Capital LLC owned approximately 0.08% of Southern Missouri Bancorp at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SMBC. Allworth Financial LP purchased a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at $26,000. BlackRock Inc. bought a new position in shares of Southern Missouri Bancorp in the second quarter worth $85,270,000. Deutsche Bank AG purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth $723,000. Bank of New York Mellon Corp purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth $3,461,000. Finally, GSA Capital Partners LLP bought a new stake in Southern Missouri Bancorp during the second quarter valued at $1,439,000. 49.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SMBC has been the subject of several recent analyst reports. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Piper Sandler reaffirmed a “neutral” rating and issued a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. Keefe, Bruyette & Woods lifted their price target on 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. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Finally, Stephens cut shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Southern Missouri Bancorp currently has an average rating of “Hold” and an average target price of $83.67.

Southern Missouri Bancorp Stock Down 0.5%

Shares of NASDAQ:SMBC opened at $73.98 on Friday. Southern Missouri Bancorp, Inc. has a 52-week low of $47.60 and a 52-week high of $79.86. The firm has a fifty day moving average of $76.16 and a 200 day moving average of $69.74. The firm has a market capitalization of $815.26 million, a PE ratio of 11.51 and a beta of 0.86. 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 (NASDAQ:SMBC) last released its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $51.14 million. As a group, research analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.27 per share. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, August 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. Southern Missouri Bancorp’s dividend payout ratio is currently 16.80%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $69.70, for a total value 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 $374,637.50. This represents a 27.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.81% of the stock is owned by insiders.

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.