Ieq Capital LLC Purchases Shares of 8,484 Southern Missouri Bancorp, Inc. $SMBC

Ieq Capital LLC acquired a new stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the second quarter, Holdings Channel reports. The fund acquired 8,484 shares of the savings and loans company’s stock, valued at approximately $647,000.

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

Southern Missouri Bancorp Stock Down 0.5%

Shares of NASDAQ:SMBC opened at $73.98 on Friday. The stock’s 50-day moving average is $76.16 and its 200 day moving average is $69.74. The company has a market cap 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 current ratio of 0.99 and a quick ratio of 0.99. 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 posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.31. The firm had revenue of $51.77 million for the quarter, compared to analysts’ expectations of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%. Sell-side analysts anticipate 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. Shareholders of record on Friday, August 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. 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 Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SMBC shares. Piper Sandler reissued a “neutral” rating and set a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research note 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 target price on the stock. in a research note on Thursday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Keefe, Bruyette & Woods increased their price target on shares of 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. Finally, Wall Street Zen raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.67.

About Southern Missouri Bancorp

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.