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Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) executive Brett Dorton, who serves as the company's EVP-Chief Strategies Officer, has recently sold shares of the company's stock. On August 16, 2024, Dorton sold a total of 260 shares at a price of $53.86 per share, amounting to a transaction value of over $14,000.
This transaction has adjusted Dorton's direct holdings in Southern Missouri Bancorp to 1,640 shares. Additionally, Dorton has indirect holdings through a 401(k) plan, which amount to 4,394.06 shares, as per the latest filings. The sale represents a part of Dorton's investment portfolio and may reflect a variety of personal or financial planning strategies.
Investors often monitor the buying and selling activities of company insiders to gain insights into the company's performance and value. Insider transactions can be a valuable piece of information, alongside other data points, when assessing a company's health and future prospects.
Southern Missouri Bancorp, headquartered in Poplar Bluff, Missouri, is a financial institution that operates primarily within the Southern Missouri region. The company has been providing banking and financial services to its customers, with a focus on community banking.
It's important to note that insider selling does not always indicate a lack of confidence in the company; executives may have various reasons for selling shares, including diversifying their investment portfolio or fulfilling personal financial objectives.
The stock options mentioned in the filing have various vesting schedules and exercise prices, which are detailed in the footnotes of the SEC filing. These stock options are a part of the executive’s compensation and offer the right to buy shares at a predetermined price in the future.
As of the date of the transaction, Southern Missouri Bancorp's stock is traded on the NASDAQ under the ticker symbol SMBC. Investors and analysts will continue to watch the company's stock performance and any further insider transactions for indications of the company's direction.
In other recent news, Southern Missouri Bancorp has reported notable developments. Stephens initiated coverage on the company, assigning an Overweight rating with a price target of $60, based on the bank's consistent profitability and potential for net interest margin (NIM) expansion. The firm also noted the company's history of active acquisitions, suggesting potential for further bank mergers and acquisitions.
The company has also reported an increase in profitability for the June quarter, marking the end of their fiscal year. The full fiscal year earnings were $4.42 per share, up from $3.85 in the previous year. In addition, Southern Missouri Bancorp declared a 9.5% hike in their quarterly dividend and reported robust loan growth.
Looking forward, Southern Missouri Bancorp is planning for loan growth and potential market expansion through mergers and acquisitions, while maintaining strong credit quality. These recent developments demonstrate the company's resilience and strategic positioning in the current economic climate.
InvestingPro Insights
Amid the insider selling activity at Southern Missouri Bancorp, Inc. (NASDAQ:SMBC), it's worth noting some key metrics and analyst insights that could provide a broader context for investors. An InvestingPro Tip highlights that SMBC has raised its dividend for 12 consecutive years, signaling a commitment to returning value to shareholders. Additionally, the company has maintained dividend payments for 30 consecutive years, which is a testament to its financial stability and long-term performance. For investors seeking more insights, there are 9 additional InvestingPro Tips available that can offer a deeper analysis of the company's financial health and market position.
From a valuation perspective, Southern Missouri Bancorp is currently trading at a P/E ratio of 11.84, which is considered low relative to its near-term earnings growth. This could suggest that the stock is undervalued, presenting a potential opportunity for value investors. Furthermore, the company has experienced strong returns, with a 13.63% price total return over the last month and a 30.05% return over the last three months, reflecting positive investor sentiment and market performance.
On the financial front, SMBC's revenue growth is robust, with a 29.96% increase over the last twelve months as of Q3 2024. This growth is indicative of the company's ability to expand its financial base and potentially enhance shareholder value. Despite these positive indicators, it's essential to consider that 2 analysts have revised their earnings downwards for the upcoming period, which could impact future performance.
Investors considering Southern Missouri Bancorp as a potential addition to their portfolio can explore these metrics further and access additional analyst insights by visiting https://www.investing.com/pro/SMBC.
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