In a recent transaction, Sammy A. Schalk, a director at Southern Missouri Bancorp, Inc. (NASDAQ:SMBC), sold a notable amount of the company's stock, signaling a significant trading activity to investors. Over a two-day period, Schalk disposed of shares with a total value exceeding $420,000.
The transactions occurred on March 13 and 14, with the prices per share ranging from $42.01 to $44.22. On the first day, Schalk sold 913 shares at an average price of $44.22, with individual sale prices varying between $44.20 and $44.30, as noted in the footnotes of the filing. The following day, the director continued selling, with 1,000 shares offloaded at $42.50 per share and another 8,087 shares at $42.01 each.
After these sales, Schalk's remaining stake in Southern Missouri Bancorp stands at 84,355 shares. The sales have been publicly disclosed in accordance with SEC regulations, providing transparency into the trading actions of the company's insiders.
Investors often monitor such insider transactions as they can provide insights into the executives' perspective on the company's current valuation and future prospects. While the reasons behind Schalk's decision to sell are not disclosed in the filing, the transactions are part of the public record for shareholders and potential investors to consider.
Southern Missouri Bancorp, headquartered in Poplar Bluff, Missouri, operates as a financial institution primarily within the United States. The company's stock is traded on the NASDAQ, and it is known for providing a range of banking and financial services to its customers.
InvestingPro Insights
In light of the recent insider selling at Southern Missouri Bancorp, Inc. (NASDAQ:SMBC), investors may be curious about the company's financial health and performance metrics. According to InvestingPro data, Southern Missouri Bancorp has a market capitalization of $480.75 million and a Price to Earnings (P/E) ratio of 11.03, which has slightly increased to 11.23 when adjusted for the last twelve months as of Q2 2024. The company's revenue growth has been strong, with a 24.12% increase over the last twelve months as of Q2 2024, and a quarterly revenue growth of 20.44% in Q2 2024.
Despite recent price declines, with a 3-month total return of -18.96%, Southern Missouri Bancorp has a history of rewarding shareholders. An InvestingPro Tip highlights that the company has raised its dividend for 12 consecutive years and has maintained dividend payments for 30 consecutive years, showcasing a commitment to returning value to its investors. Furthermore, analysts predict the company will be profitable this year, which is supported by the fact that the company has been profitable over the last twelve months.
For investors seeking a deeper analysis, InvestingPro offers additional tips on Southern Missouri Bancorp. These tips include insights into earnings revisions, gross profit margins, and the stock's recent price performance. To access these insights and more, visit InvestingPro and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are currently 7 additional InvestingPro Tips available for Southern Missouri Bancorp.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.