Nuveen LLC Takes $1.30 Million Position in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Nuveen LLC has acquired a stake in Southern Missouri Bancorp, purchasing 24,960 shares valued at approximately $1.3 million, amounting to 0.21% of the company.
• The firm raised its quarterly dividend to $0.25 per share, up from $0.23, reflecting an annualized dividend yield of 1.7%.
• Southern Missouri Bancorp reported an earnings per share (EPS) of $1.39 for the last quarter, exceeding analysts' estimates of $1.23.

Nuveen LLC acquired a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 24,960 shares of the savings and loans company's stock, valued at approximately $1,298,000. Nuveen LLC owned approximately 0.21% of Southern Missouri Bancorp as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Southern Missouri Bancorp by 7,404.9% during the 1st quarter. GAMMA Investing LLC now owns 4,578 shares of the savings and loans company's stock valued at $238,000 after buying an additional 4,517 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Southern Missouri Bancorp by 7.9% in the 1st quarter. Victory Capital Management Inc. now owns 20,380 shares of the savings and loans company's stock worth $1,060,000 after purchasing an additional 1,488 shares in the last quarter. Bank of America Corp DE raised its holdings in Southern Missouri Bancorp by 57.5% in the 4th quarter. Bank of America Corp DE now owns 12,731 shares of the savings and loans company's stock worth $730,000 after purchasing an additional 4,650 shares in the last quarter. Deutsche Bank AG raised its holdings in Southern Missouri Bancorp by 54.8% in the 4th quarter. Deutsche Bank AG now owns 9,928 shares of the savings and loans company's stock worth $570,000 after purchasing an additional 3,514 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Southern Missouri Bancorp by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,447 shares of the savings and loans company's stock worth $312,000 after purchasing an additional 228 shares in the last quarter. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Stock Up 0.7%

Shares of Southern Missouri Bancorp stock traded up $0.39 during trading on Thursday, hitting $57.40. The company's stock had a trading volume of 8,393 shares, compared to its average volume of 33,654. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day simple moving average of $55.82 and a two-hundred day simple moving average of $54.03. The company has a market capitalization of $648.62 million, a PE ratio of 11.08 and a beta of 1.03. Southern Missouri Bancorp, Inc. has a 52 week low of $45.10 and a 52 week high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. The company had revenue of $47.61 million during the quarter, compared to analyst estimates of $46.60 million. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.35%. Equities research analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.25 per share. This is a positive change from Southern Missouri Bancorp's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.7%. Southern Missouri Bancorp's payout ratio is currently 19.31%.

Wall Street Analysts Forecast Growth

SMBC has been the subject of several research reports. Piper Sandler initiated coverage on shares of Southern Missouri Bancorp in a report on Thursday, August 28th. They issued a "neutral" rating and a $66.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the stock a "market perform" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Southern Missouri Bancorp has an average rating of "Hold" and a consensus price target of $64.67.

Insider Activity

In other news, Director William E. Young sold 10,000 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $56.30, for a total transaction of $563,000.00. Following the sale, the director owned 94,987 shares of the company's stock, valued at $5,347,768.10. This trade represents a 9.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.60% of the stock is currently owned by insiders.

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.