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Southern Missouri Bancorp, Inc. (NASDAQ:SMBC), currently valued at approximately $597 million, recently saw insider activity as Director William E. Young sold 3,000 shares of the company’s common stock. The shares were sold at an average price of $53.23, amounting to a total transaction value of $159,690. Following this sale, Young holds 42,649 shares directly through a revocable trust. According to InvestingPro analysis, the stock appears to be trading below its Fair Value, with a P/E ratio of 10.6x.
In addition to his direct holdings, Young has indirect ownership of shares through various entities. These include 2,351 shares as a custodian for his son, 3,488 shares through an IRA, 160,000 shares through Young Partners, 1,400 shares directly, and 130 shares as a trustee for the Sarah Ann Young Revocable Trust. The company has maintained dividend payments for 31 consecutive years, with a current dividend yield of 1.73%.
The transaction details, disclosed in a Form 4 report filed with the SEC, indicate that the shares were sold at prices ranging from $53.01 to $53.52. This activity provides a snapshot of insider transactions within Southern Missouri Bancorp, offering investors insight into the company’s stock dynamics. For comprehensive insider trading analysis and additional insights, including 8 key ProTips about SMBC, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Southern Missouri Bancorp announced its 124th consecutive quarterly dividend, with a payout of $0.23 per common share scheduled for May 30, 2025. Shareholders of record as of May 15, 2025, will be eligible for the dividend, highlighting the company’s ongoing commitment to shareholder returns. Additionally, Southern Missouri Bancorp plans to release preliminary operating results for the quarter ending March 31, 2025, on April 21, 2025, followed by a conference call to discuss these financial results. In another development, the company updated severance agreements for key executives, including CFO Stefan Chkautovich and Chief Credit Officer Mark Hecker, as part of efforts to ensure leadership stability. These agreements, effective immediately, include provisions for automatic extensions and specific severance payments in the event of a change in control. The updated terms also cover continued insurance benefits and stipulate non-solicitation clauses for the executives post-termination. Furthermore, a new change in control severance agreement was established with Chief Risk Officer Lance Greunke, replacing the previous one. These updates reflect Southern Missouri Bancorp’s strategic approach to managing corporate transitions and executive retention.
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