Southern Missouri Bancorp (NASDAQ:SMBC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $51.00 price target on the savings and loans company’s stock, down from their prior price target of $53.00.

Separately, StockNews.com upgraded shares of Southern Missouri Bancorp from a sell rating to a hold rating in a research note on Wednesday, February 7th.

Southern Missouri Bancorp Trading Up 0.2 %

Shares of Southern Missouri Bancorp stock opened at $41.38 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.97 and a quick ratio of 0.97. The business has a fifty day simple moving average of $41.99 and a two-hundred day simple moving average of $44.63. Southern Missouri Bancorp has a 1 year low of $30.88 and a 1 year high of $55.45. The company has a market capitalization of $470.49 million, a price-to-earnings ratio of 9.02 and a beta of 0.95.

Southern Missouri Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, May 14th. Southern Missouri Bancorp’s payout ratio is 18.30%.

Insider Activity

In related news, Director Sammy A. Schalk sold 913 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $44.22, for a total transaction of $40,372.86. Following the transaction, the director now directly owns 93,442 shares of the company’s stock, valued at $4,132,005.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in Southern Missouri Bancorp by 86.8% in the 1st quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock valued at $207,000 after acquiring an additional 2,206 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Southern Missouri Bancorp by 73.5% during the first quarter. Assenagon Asset Management S.A. now owns 21,017 shares of the savings and loans company’s stock worth $919,000 after purchasing an additional 8,906 shares during the period. FORVIS Wealth Advisors LLC acquired a new stake in Southern Missouri Bancorp during the first quarter worth about $861,000. BTC Capital Management Inc. bought a new position in Southern Missouri Bancorp in the 1st quarter valued at about $801,000. Finally, First Financial Bankshares Inc bought a new position in Southern Missouri Bancorp in the 4th quarter valued at about $822,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

About Southern Missouri Bancorp

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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.