Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Sees Significant Decline in Short Interest

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 48,400 shares, a drop of 36.6% from the October 31st total of 76,400 shares. Based on an average daily trading volume, of 33,700 shares, the short-interest ratio is presently 1.4 days.

Southern Missouri Bancorp Trading Down 0.8 %

Shares of SMBC stock traded down $0.51 during trading hours on Friday, reaching $65.65. The company’s stock had a trading volume of 28,934 shares, compared to its average volume of 30,865. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $740.34 million, a P/E ratio of 15.09 and a beta of 0.95. The firm’s fifty day simple moving average is $60.50 and its 200 day simple moving average is $52.57. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.01). Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. The firm had revenue of $74.55 million for the quarter, compared to the consensus estimate of $42.48 million. Equities research analysts expect that Southern Missouri Bancorp will post 4.9 EPS for the current year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.40%. Southern Missouri Bancorp’s payout ratio is 21.15%.

Analyst Ratings Changes

SMBC has been the topic of a number of research reports. Piper Sandler raised their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stephens lifted their price target on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the sale, the director now directly owns 48,649 shares in the company, valued at $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Southern Missouri Bancorp by 1.9% in the second quarter. Rhumbline Advisers now owns 14,347 shares of the savings and loans company’s stock worth $646,000 after buying an additional 263 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Southern Missouri Bancorp during the first quarter valued at approximately $25,000. Jane Street Group LLC raised its holdings in Southern Missouri Bancorp by 11.8% in the 3rd quarter. Jane Street Group LLC now owns 8,420 shares of the savings and loans company’s stock worth $476,000 after acquiring an additional 889 shares during the last quarter. Empowered Funds LLC lifted its position in Southern Missouri Bancorp by 4.9% in the 3rd quarter. Empowered Funds LLC now owns 19,899 shares of the savings and loans company’s stock valued at $1,124,000 after acquiring an additional 938 shares in the last quarter. Finally, Creative Planning lifted its position in Southern Missouri Bancorp by 20.9% in the 3rd quarter. Creative Planning now owns 6,610 shares of the savings and loans company’s stock valued at $373,000 after acquiring an additional 1,142 shares in the last quarter. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.