Charles Schwab Investment Management Inc. Trims Stock Holdings in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Charles Schwab Investment Management Inc. sold 8,072 shares of Southern Missouri Bancorp, reducing its stake by 8.8% to approximately 83,448 shares, valued at $4,341,000 as of its latest SEC filing.
• The company reported a quarterly earnings per share (EPS) of $1.39, exceeding the consensus estimate of $1.23, and declared a quarterly dividend of $0.25 per share, reflecting a positive change from the previous dividend.
• Southern Missouri Bancorp's stock has a 52-week range of $45.10 to $68.69, and currently sits at $57.85, while analysts have a consensus target price of $64.67.

Charles Schwab Investment Management Inc. lowered its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,448 shares of the savings and loans company's stock after selling 8,072 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of Southern Missouri Bancorp worth $4,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Southern Missouri Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 609,644 shares of the savings and loans company's stock valued at $31,714,000 after acquiring an additional 12,358 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Southern Missouri Bancorp by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 397,765 shares of the savings and loans company's stock valued at $22,820,000 after buying an additional 18,623 shares during the last quarter. Northern Trust Corp grew its stake in Southern Missouri Bancorp by 5.0% in the 4th quarter. Northern Trust Corp now owns 98,595 shares of the savings and loans company's stock valued at $5,656,000 after buying an additional 4,722 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Southern Missouri Bancorp in the 4th quarter valued at about $5,228,000. Finally, ACR Alpine Capital Research LLC boosted its holdings in Southern Missouri Bancorp by 2.2% in the 1st quarter. ACR Alpine Capital Research LLC now owns 48,543 shares of the savings and loans company's stock valued at $2,525,000 after purchasing an additional 1,067 shares during the period. 49.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 10,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $56.30, for a total value of $563,000.00. Following the transaction, the director owned 94,987 shares in the company, valued at approximately $5,347,768.10. This trade represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.60% of the company's stock.

Southern Missouri Bancorp Price Performance

SMBC traded down $0.32 during trading hours on Friday, hitting $57.53. The company's stock had a trading volume of 21,572 shares, compared to its average volume of 29,347. The business's 50-day moving average price is $55.56 and its 200-day moving average price is $54.05. Southern Missouri Bancorp, Inc. has a 12 month low of $45.10 and a 12 month high of $68.69. The stock has a market cap of $650.09 million, a price-to-earnings ratio of 11.11 and a beta of 1.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24.

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

Southern Missouri Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.23. Southern Missouri Bancorp's dividend payout ratio is 19.31%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SMBC. Piper Sandler began coverage on Southern Missouri Bancorp in a report on Thursday. They set a "neutral" rating and a $66.00 price target on the stock. Keefe, Bruyette & Woods raised their price target 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 research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $64.67.

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.