Los Angeles Capital Management LLC Buys 6,450 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Los Angeles Capital Management LLC grew its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 105.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,570 shares of the savings and loans company’s stock after purchasing an additional 6,450 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.11% of Southern Missouri Bancorp worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SMBC. American Century Companies Inc. grew its stake in Southern Missouri Bancorp by 23.2% in the 2nd quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock valued at $6,545,000 after buying an additional 27,388 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Southern Missouri Bancorp by 103.4% in the third quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock valued at $2,084,000 after purchasing an additional 18,756 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Southern Missouri Bancorp by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock worth $15,947,000 after purchasing an additional 16,085 shares during the period. ACR Alpine Capital Research LLC increased its stake in shares of Southern Missouri Bancorp by 24.9% in the second quarter. ACR Alpine Capital Research LLC now owns 60,860 shares of the savings and loans company’s stock worth $2,739,000 after purchasing an additional 12,125 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Southern Missouri Bancorp by 46.5% during the 2nd quarter. Acadian Asset Management LLC now owns 27,302 shares of the savings and loans company’s stock worth $1,227,000 after purchasing an additional 8,662 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Trading Down 0.3 %

Southern Missouri Bancorp stock opened at $65.77 on Friday. Southern Missouri Bancorp, Inc. has a 12 month low of $39.00 and a 12 month high of $68.54. The stock has a market cap of $741.89 million, a price-to-earnings ratio of 15.12 and a beta of 0.95. The business has a 50 day moving average price of $58.44 and a two-hundred day moving average price of $50.89. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). The firm had revenue of $74.55 million during the quarter, compared to the consensus estimate of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. As a group, equities analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current year.

Southern Missouri Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.40%. Southern Missouri Bancorp’s payout ratio is presently 21.15%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Stephens lifted their price target on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In related news, Director William E. Young sold 3,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the sale, the director now directly owns 48,649 shares in the company, valued at $2,914,075.10. This represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.60% of the company’s stock.

Southern Missouri Bancorp Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.