The Manufacturers Life Insurance Company Takes $18.08 Million Position in Southern Missouri Bancorp, Inc. $SMBC

The Manufacturers Life Insurance Company bought a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 237,224 shares of the savings and loans company’s stock, valued at approximately $18,079,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Southern Missouri Bancorp by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock valued at $296,000 after acquiring an additional 234 shares during the period. Royal Bank of Canada grew its holdings in Southern Missouri Bancorp by 124.7% during the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after purchasing an additional 313 shares during the period. Allworth Financial LP acquired a new position in Southern Missouri Bancorp during the second quarter worth approximately $26,000. NewEdge Advisors LLC increased its position in Southern Missouri Bancorp by 105.7% during 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 during the last quarter. Finally, Swiss National Bank raised its stake in Southern Missouri Bancorp by 2.2% in the fourth quarter. Swiss National Bank now owns 18,953 shares of the savings and loans company’s stock valued at $1,121,000 after buying an additional 400 shares during the period. 49.49% of the stock is owned by institutional investors.

Southern Missouri Bancorp Stock Performance

NASDAQ:SMBC opened at $73.98 on Friday. The stock has a market cap of $815.26 million, a P/E ratio of 11.51 and a beta of 0.86. The stock has a 50 day simple moving average of $76.16 and a 200 day simple moving average of $69.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. Southern Missouri Bancorp, Inc. has a 1-year low of $47.60 and a 1-year high of $79.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.31. The firm had revenue of $51.77 million for the quarter, compared to analyst estimates of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%. Research analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.9 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a boost 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 1.5%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 16.80%.

Insider Activity at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the transaction, the executive vice president directly owned 5,375 shares in the company, valued at approximately $374,637.50. This represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 15.81% of the company’s stock.

Analyst Ratings Changes

SMBC has been the topic of a number of recent analyst reports. Piper Sandler reissued a “neutral” rating and set a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. Stephens downgraded 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 report on Thursday, August 6th. Keefe, Bruyette & Woods upped their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Finally, Wall Street Zen upgraded shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.67.

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.