Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Short Interest Update

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

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the transaction, the director now owns 48,649 shares in the company, valued at approximately $2,914,075.10. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its position 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 purchasing an additional 263 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Southern Missouri Bancorp in the first quarter worth about $25,000. Jane Street Group LLC boosted its position in Southern Missouri Bancorp by 11.8% in the third quarter. Jane Street Group LLC now owns 8,420 shares of the savings and loans company’s stock worth $476,000 after purchasing an additional 889 shares during the last quarter. Empowered Funds LLC boosted its position in Southern Missouri Bancorp by 4.9% in the third quarter. Empowered Funds LLC now owns 19,899 shares of the savings and loans company’s stock worth $1,124,000 after purchasing an additional 938 shares during the last quarter. Finally, Creative Planning boosted its position in Southern Missouri Bancorp by 20.9% in the third quarter. Creative Planning now owns 6,610 shares of the savings and loans company’s stock worth $373,000 after purchasing an additional 1,142 shares during the last quarter. 49.49% of the stock is owned by hedge funds and other institutional investors.

Southern Missouri Bancorp Stock Performance

Shares of Southern Missouri Bancorp stock traded up $0.36 during trading on Thursday, hitting $66.16. 30,184 shares of the company’s stock traded hands, compared to its average volume of 30,874. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. Southern Missouri Bancorp has a 1 year low of $39.00 and a 1 year high of $68.69. The stock has a market capitalization of $746.28 million, a P/E ratio of 15.22 and a beta of 0.95. The business has a 50-day simple moving average of $59.91 and a 200-day simple moving average of $52.22.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 EPS 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 business had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. As a group, analysts forecast that Southern Missouri Bancorp will post 4.9 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 annualized dividend and a yield of 1.39%. Southern Missouri Bancorp’s payout ratio is 21.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SMBC shares. Stephens increased their target price on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Piper Sandler increased their target price on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

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.