Southern Missouri Bancorp (SMBC) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of Southern Missouri Bancorp (NASDAQ:SMBC) from a hold rating to a sell rating in a report released on Thursday morning.

Shares of Southern Missouri Bancorp (SMBC) traded down $0.25 during trading hours on Thursday, hitting $35.05. 8,200 shares of the company’s stock were exchanged, compared to its average volume of 9,004. Southern Missouri Bancorp has a 1-year low of $30.30 and a 1-year high of $40.80. The stock has a market cap of $303.89, a PE ratio of 16.08 and a beta of 0.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.41.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.63 EPS for the quarter. Southern Missouri Bancorp had a net margin of 21.80% and a return on equity of 10.82%. The business had revenue of $18.88 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. Southern Missouri Bancorp’s payout ratio is currently 20.18%.

In related news, EVP William D. Hribovsek sold 3,814 shares of Southern Missouri Bancorp stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.33, for a total transaction of $150,004.62. Following the completion of the transaction, the executive vice president now directly owns 33,400 shares of the company’s stock, valued at approximately $1,313,622. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dennis C. Robison sold 4,780 shares of Southern Missouri Bancorp stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $39.04, for a total transaction of $186,611.20. Following the transaction, the director now directly owns 2,387 shares of the company’s stock, valued at $93,188.48. The disclosure for this sale can be found here. Insiders sold a total of 15,153 shares of company stock valued at $595,180 over the last three months. Corporate insiders own 17.86% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Jacobs Asset Management LLC boosted its stake in shares of Southern Missouri Bancorp by 4.0% during the 3rd quarter. Jacobs Asset Management LLC now owns 537,829 shares of the savings and loans company’s stock worth $19,625,000 after purchasing an additional 20,883 shares during the period. BlackRock Inc. boosted its stake in shares of Southern Missouri Bancorp by 3.0% during the 4th quarter. BlackRock Inc. now owns 299,792 shares of the savings and loans company’s stock worth $11,271,000 after purchasing an additional 8,792 shares during the period. Vanguard Group Inc. boosted its stake in shares of Southern Missouri Bancorp by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 224,205 shares of the savings and loans company’s stock worth $7,233,000 after purchasing an additional 6,126 shares during the period. State Street Corp boosted its stake in shares of Southern Missouri Bancorp by 31.2% during the 2nd quarter. State Street Corp now owns 103,687 shares of the savings and loans company’s stock worth $3,342,000 after purchasing an additional 24,652 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Southern Missouri Bancorp by 13.4% during the 4th quarter. Renaissance Technologies LLC now owns 103,300 shares of the savings and loans company’s stock worth $3,883,000 after purchasing an additional 12,200 shares during the period. 48.47% of the stock is owned by hedge funds and other institutional investors.

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Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is the holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of attracting retail deposits from the public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines (FHLB), and brokered deposits.

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