GSA Capital Partners LLP Acquires New Holdings in Southern Missouri Bancorp, Inc. $SMBC

GSA Capital Partners LLP bought a new stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) in the 2nd quarter, Holdings Channel.com reports. The fund bought 18,879 shares of the savings and loans company’s stock, valued at approximately $1,439,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of 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 purchasing an additional 313 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Southern Missouri Bancorp by 105.7% during the 4th 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 last quarter. Quarry LP acquired a new position in shares of Southern Missouri Bancorp during the 3rd quarter worth approximately $66,000. Raymond James Financial Inc. purchased a new stake in Southern Missouri Bancorp in the 2nd quarter valued at approximately $93,000. Finally, Strs Ohio purchased a new stake in Southern Missouri Bancorp in the 1st quarter valued at approximately $94,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Stock Performance

Shares of SMBC opened at $76.76 on Monday. Southern Missouri Bancorp, Inc. has a 1 year low of $47.60 and a 1 year high of $79.86. The company’s 50 day simple moving average is $75.52 and its 200 day simple moving average is $69.00. The company has a market capitalization of $845.90 million, a price-to-earnings ratio of 11.94 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS 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 analysts’ expectations of $51.14 million. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. On average, sell-side analysts predict that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The firm 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. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, August 14th. Southern Missouri Bancorp’s payout ratio is 16.80%.

Insider Activity at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction on Friday, June 5th. The stock was 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 owned 5,375 shares of the company’s stock, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SMBC. Stephens downgraded Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research report on Thursday, August 6th. Keefe, Bruyette & Woods upped their price objective on 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. Piper Sandler reaffirmed 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. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. One equities research 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 has an average 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.