Commerce Bank Makes New $1.69 Million Investment in Southern Missouri Bancorp, Inc. $SMBC

Commerce Bank purchased a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the second quarter, HoldingsChannel.com reports. The fund purchased 22,111 shares of the savings and loans company’s stock, valued at approximately $1,685,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in Southern Missouri Bancorp in the 2nd quarter valued at $26,000. Royal Bank of Canada lifted its stake in Southern Missouri Bancorp by 124.7% in the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after acquiring an additional 313 shares during the last quarter. NewEdge Advisors LLC grew its holdings 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 purchasing an additional 369 shares during the period. Quarry LP acquired a new position in shares of Southern Missouri Bancorp in the third quarter valued at $66,000. Finally, Raymond James Financial Inc. bought a new stake in Southern Missouri Bancorp in the 2nd quarter valued at $93,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Stock Performance

NASDAQ SMBC opened at $74.01 on Wednesday. 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 company has a market capitalization of $815.59 million, a PE ratio of 11.51 and a beta of 0.86. The company has a 50-day simple moving average of $76.04 and a 200 day simple moving average of $69.58. Southern Missouri Bancorp, Inc. has a 52-week low of $47.60 and a 52-week high of $79.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its 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. The firm had revenue of $51.77 million during the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. On average, research analysts predict that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

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

Insider Buying and Selling at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 directly owned 5,375 shares in the company, valued at approximately $374,637.50. The trade was a 27.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Stephens lowered 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. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. 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 investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Southern Missouri Bancorp presently has an average 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.