BTC Capital Management Inc., a well-known institutional investor, has recently acquired a new position in shares of Southern Missouri Bancorp, Inc. This information was disclosed in the company’s latest 13F filing with the SEC for the second quarter of this year.
According to the filing, BTC Capital Management Inc. has purchased 28,175 shares of Southern Missouri Bancorp’s stock during this period. These shares are valued at approximately $1,083,000. As of its most recent SEC filing, BTC Capital Management Inc. now owns about 0.25% of Southern Missouri Bancorp.
This investment by BTC Capital Management Inc. highlights their confidence in Southern Missouri Bancorp as a promising entity within the savings and loans industry.
In addition to this acquisition, it is noteworthy that Southern Missouri Bancorp has recently announced its quarterly dividend. On Thursday, August 31st, stockholders who were on record as of Tuesday, August 15th received a dividend payment of $0.21 per share. The ex-dividend date for this payment was Monday, August 14th.
The annualized dividend for Southern Missouri Bancorp amounts to $0.84 per share with a dividend yield of 2.07%. Currently, Southern Missouri Bancorp’s dividend payout ratio stands at 21.59%.
These developments indicate that Southern Missouri Bancorp is not only attracting significant investment interest but also prioritizing shareholder value through consistent dividend payments.
As with any investment decision, potential investors should carefully assess all relevant factors before making any financial commitments or decisions regarding Southern Missouri Bancorp or any other company of interest.
Note: The information provided above reflects details available as of September 19, 2023 and is subject to change as new information becomes available or market conditions fluctuate.
Updated on: 29/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
2:00 AM (UTC)
Date:30 September, 2023
|Analyst / firm||Rating|
Robert W. Baird
Increasing Hedge Fund Holdings and Analyst Ratings Propel Southern Missouri Bancorp’s Growth Prospects
In recent news, several hedge funds have made significant modifications to their holdings of Southern Missouri Bancorp, a savings and loans company. Ameriprise Financial Inc., for example, has seen an 88.5% boost in its holdings during the first quarter of this year. They now own 13,912 shares of the company’s stock valued at $520,000 after purchasing an additional 6,530 shares.
Similarly, Susquehanna International Group LLP acquired a new stake in Southern Missouri Bancorp during the first quarter, with a value estimated at around $312,000. State Street Corp also increased its holdings by 6.2% during the same period, now owning 178,632 shares worth $6,683,000 after purchasing an additional 10,458 shares.
First Trust Advisors LP saw a 16.2% boost in their holdings during the first quarter as well. They now own 30,633 shares valued at $1,146,000 after purchasing an additional 4,263 shares. Additionally, Geode Capital Management LLC experienced a 13.9% increase in their holdings with an added 21,192 shares worth approximately $6,490,000 during the last quarter.
It is interesting to note that institutional investors and hedge funds currently own nearly half of Southern Missouri Bancorp’s stock at approximately 49.91%.
A group of equities analysts have also weighed in on SMBC and provided ratings for the stock. TheStreet upgraded Southern Missouri Bancorp from a “c+” rating to a “b” rating on Monday July 24th. StockNews.com however downgraded it from a “hold” rating to a “sell” rating on Monday as well. Lastly,Piper Sandler increased their price objective from $43 to $52 on Wednesday July 26th.
On Tuesday morning this week,Southern Missouri Bancorp opened at $40.54. The company currently has a debt-to-equity ratio of 0.35 along with quick and current ratios of 0.97. Its 52-week low stands at $30.28 while its 52-week high is $55.78. The stock also has a 50-day moving average price of $43.74 and a two-hundred day moving average price of $39.93.
Southern Missouri Bancorp recently released its quarterly earnings results on July 24th, reporting an impressive earnings per share (EPS) of $1.43 for the quarter.This exceeded the consensus estimate of $1.08 by $0.35.The company also showcased a net margin of 19.35% and a return on equity of 13.04%. In terms of revenue, it generated $45.17 million during the quarter compared to analyst estimates of $41.07 million.
Equities analysts anticipate that Southern Missouri Bancorp will post 4.25 EPS for the current year.
Overall, these recent developments indicate both positive growth and increased interest in Southern Missouri Bancorp among hedge funds and other institutional investors.This boost in holdings brings forth new opportunities as well as strategic advantages for the savings and loans company’s long-term growth prospects in the financial market.