Sei Investments Co. Boosts Holdings in Southern Missouri Bancorp, Inc. $SMBC

Sei Investments Co. grew its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 288.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,001 shares of the savings and loans company’s stock after purchasing an additional 11,137 shares during the period. Sei Investments Co. owned approximately 0.14% of Southern Missouri Bancorp worth $959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SMBC. NewEdge Advisors LLC raised its stake in Southern Missouri Bancorp by 105.7% in the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock worth $42,000 after buying an additional 369 shares in the last quarter. Quarry LP purchased a new position in shares of Southern Missouri Bancorp during the 3rd quarter worth approximately $66,000. Raymond James Financial Inc. purchased a new position in shares of Southern Missouri Bancorp during the 2nd quarter worth approximately $93,000. Strs Ohio bought a new position in shares of Southern Missouri Bancorp in the 1st quarter worth approximately $94,000. Finally, Aquatic Capital Management LLC raised its position in shares of Southern Missouri Bancorp by 140.8% in the 3rd quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock worth $102,000 after acquiring an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the transaction, the executive vice president directly owned 5,375 shares in the company, valued at $374,637.50. This trade represents a 27.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.81% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Piper Sandler reiterated a “neutral” rating and issued a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. Stephens lowered 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 report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. 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 research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Southern Missouri Bancorp currently has an average rating of “Hold” and a consensus price target of $83.67.

Southern Missouri Bancorp Price Performance

SMBC stock opened at $77.43 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average price of $75.21 and a 200-day moving average price of $68.77. Southern Missouri Bancorp, Inc. has a 52-week low of $47.60 and a 52-week high of $79.86. The firm has a market capitalization of $852.97 million, a price-to-earnings ratio of 12.04 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $51.77 million for the quarter, compared to the consensus estimate of $51.14 million. Equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.27 dividend. This is an increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Southern Missouri Bancorp’s payout ratio is currently 16.80%.

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.