Algert Global LLC Has $8.15 Million Holdings in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Algert Global reduced its Southern Missouri Bancorp stake by 14.4% in the second quarter, selling 17,985 shares and retaining 106,996 shares worth approximately $8.15 million. Institutional investors and hedge funds collectively own 49.49% of the company.
• Southern Missouri Bancorp reported quarterly EPS of $1.83, exceeding analyst estimates of $1.52, while revenue reached $51.77 million. The company also raised its quarterly dividend from $0.25 to $0.27 per share, implying a 1.5% annual yield.
• Analysts generally maintain a cautious stance, with one Buy and three Hold ratings. The stock has an average rating of Hold and an average price target of $83.67, compared with a recent share price of $74.29.

Algert Global LLC cut its holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,996 shares of the savings and loans company's stock after selling 17,985 shares during the quarter. Algert Global LLC owned approximately 0.97% of Southern Missouri Bancorp worth $8,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SMBC. BlackRock Inc. bought a new stake in shares of Southern Missouri Bancorp during the 2nd quarter valued at $85,270,000. Dimensional Fund Advisors LP grew its position in Southern Missouri Bancorp by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company's stock valued at $28,187,000 after purchasing an additional 11,946 shares in the last quarter. FJ Capital Management LLC raised its stake in shares of Southern Missouri Bancorp by 6.4% during the 3rd quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company's stock worth $15,818,000 after purchasing an additional 18,002 shares in the last quarter. State Street Corp boosted its holdings in shares of Southern Missouri Bancorp by 29.2% in the 4th quarter. State Street Corp now owns 275,909 shares of the savings and loans company's stock valued at $16,312,000 after buying an additional 62,355 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Southern Missouri Bancorp by 86.5% during the third quarter. Millennium Management LLC now owns 100,724 shares of the savings and loans company's stock worth $5,294,000 after buying an additional 46,730 shares during the last quarter. Institutional investors and hedge funds own 49.49% of the company's stock.

Southern Missouri Bancorp Trading Up 0.4%

Shares of Southern Missouri Bancorp stock opened at $74.29 on Thursday. The firm's 50 day moving average is $76.10 and its 200 day moving average is $69.64. The firm has a market capitalization of $818.68 million, a PE ratio of 11.55 and a beta of 0.86. Southern Missouri Bancorp, Inc. has a 1 year low of $47.60 and a 1 year high of $79.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.31. The business had revenue of $51.77 million during the quarter, compared to analysts' expectations of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%. Equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 6.9 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. This is a boost from Southern Missouri Bancorp's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, August 14th. Southern Missouri Bancorp's payout ratio is 16.80%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the sale, the executive vice president owned 5,375 shares in the company, valued at approximately $374,637.50. The trade was a 27.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 15.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SMBC. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Keefe, Bruyette & Woods lifted their target price on Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, July 30th. Stephens lowered Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 target price on the stock. in a report on Thursday, August 6th. Wall Street Zen raised Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Southern Missouri Bancorp presently has an average rating of "Hold" and an average target price of $83.67.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc NASDAQ: SMBC is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.

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