Missouri Trust & Investment Co Acquires 50,580 Shares of Southern Missouri Bancorp, Inc. $SMBC

Missouri Trust & Investment Co acquired a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 50,580 shares of the savings and loans company’s stock, valued at approximately $3,586,000. Southern Missouri Bancorp makes up about 1.0% of Missouri Trust & Investment Co’s portfolio, making the stock its 19th biggest holding.

A number of other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in shares of Southern Missouri Bancorp by 1,964.5% in the third quarter. Sterling Capital Management LLC now owns 3,778 shares of the savings and loans company’s stock worth $268,000 after purchasing an additional 3,595 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Southern Missouri Bancorp by 121.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the savings and loans company’s stock worth $121,000 after acquiring an additional 941 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Southern Missouri Bancorp during the second quarter worth $335,000. Susquehanna Fundamental Investments LLC acquired a new stake in Southern Missouri Bancorp in the second quarter valued at $454,000. Finally, Hsbc Holdings PLC lifted its stake in Southern Missouri Bancorp by 33.6% in the second quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock valued at $1,496,000 after acquiring an additional 4,924 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Stock Performance

NASDAQ SMBC opened at $70.46 on Monday. The firm has a 50-day moving average of $71.81 and a 200-day moving average of $69.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $775.76 million, a PE ratio of 10.39 and a beta of 0.80. Southern Missouri Bancorp, Inc. has a 52-week low of $52.52 and a 52-week high of $79.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a net margin of 23.47% and a return on equity of 13.02%. On average, sell-side analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.69 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 13th. This represents a $1.08 annualized dividend and a yield of 1.5%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 15.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Benchmark raised shares of Southern Missouri Bancorp to a “strong-buy” rating in a research report on Wednesday, September 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Keefe, Bruyette & Woods upped 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. Raymond James Financial initiated coverage on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. They issued a “market perform” rating for the company. Finally, Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.50.

Southern Missouri Bancorp Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.