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

A number of other institutional investors and hedge funds have also bought and sold shares of SMBC. Mercer Global Advisors Inc. ADV bought a new position in Southern Missouri Bancorp during the fourth quarter worth $5,228,000. Dimensional Fund Advisors LP increased its holdings 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 period. Vanguard Group Inc. increased its holdings 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 buying an additional 12,358 shares during the period. Northern Trust Corp increased its holdings 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 period. Finally, Bank of America Corp DE increased 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 valued at $730,000 after buying an additional 4,650 shares during the period. Institutional investors own 49.49% of the company's stock.

Insider Buying and Selling at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 10,000 shares of the 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 represents a 9.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.60% of the company's stock.

Southern Missouri Bancorp Price Performance

Shares of SMBC traded down $0.07 during trading hours on Wednesday, hitting $57.01. The stock had a trading volume of 28,105 shares, compared to its average volume of 27,234. The company's fifty day moving average is $55.82 and its two-hundred day moving average is $54.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. Southern Missouri Bancorp, Inc. has a 52 week low of $45.10 and a 52 week high of $68.69. The stock has a market capitalization of $644.21 million, a price-to-earnings ratio of 11.01 and a beta of 1.03.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $47.61 million for the quarter, compared to analyst estimates of $46.60 million. On average, analysts anticipate that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Southern Missouri Bancorp's previous quarterly dividend of $0.23. Southern Missouri Bancorp's payout ratio is currently 19.31%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Southern Missouri Bancorp in a report on Thursday, August 28th. They issued a "neutral" rating and a $66.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the company 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 issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $64.67.

About Southern Missouri Bancorp

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.