William E. Young, a director at Southern Missouri Bancorp, Inc. (NASDAQ:SMBC), has recently sold a portion of his holdings in the company. According to the latest SEC filing, Young sold 3,000 shares of common stock on October 31, 2024, at an average price of $59.90 per share. This transaction amounted to a total value of approximately $179,700.
Following this sale, Young retains ownership of 48,649 shares in a revocable trust. Additionally, he holds 160,000 shares through Young Partners, 3,488 shares in an IRA, 2,351 shares as a custodian for his son, and directly owns 1,000 shares. The filing also notes that Young has rights to purchase 7,500 shares of common stock at an exercise price of $46.94, with these options expiring on February 21, 2033.
In other recent news, Southern Missouri Bancorp reported mixed results for the first quarter of fiscal year 2025. The company's diluted earnings per share (EPS) fell to $1.10, a dip attributed to larger provisions for credit losses and increased noninterest expenses. Despite this, the bank demonstrated growth in net interest margin, loan balances, and deposits. The bank's management remains optimistic about continued loan growth and stable net interest income for the rest of the fiscal year.
Additionally, Southern Missouri Bancorp anticipates slower loan growth in the upcoming quarter due to seasonal trends but is confident in its earnings and profitability for fiscal year 2025. The bank is also exploring opportunities for mergers and acquisitions as regional bank valuations improve. These developments indicate a mix of challenges and growth opportunities for Southern Missouri Bancorp as it navigates the evolving financial landscape.
InvestingPro Insights
While William E. Young's recent sale of Southern Missouri Bancorp (NASDAQ:SMBC) shares might raise eyebrows, a closer look at the company's financials and market performance reveals a more nuanced picture. According to InvestingPro data, SMBC's stock has seen a remarkable 47.82% price total return over the past six months, indicating strong investor confidence.
The company's financial health appears robust, with a P/E ratio of 13.41, suggesting a reasonable valuation relative to earnings. Moreover, SMBC boasts an impressive dividend track record. An InvestingPro Tip highlights that the company has raised its dividend for 13 consecutive years and has maintained dividend payments for 30 consecutive years. This consistent dividend policy could be attractive to income-focused investors, despite Young's recent share sale.
Another InvestingPro Tip notes that three analysts have revised their earnings upwards for the upcoming period, potentially signaling positive expectations for the company's near-term performance. This optimism is further supported by SMBC's solid financials, including a 10.04% revenue growth in the last twelve months as of Q1 2025.
For investors seeking a more comprehensive analysis, InvestingPro offers 6 additional tips for Southern Missouri Bancorp, providing a deeper understanding of the company's prospects and potential risks.
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