Dynamic Technology Lab Private Ltd Makes New $517,000 Investment in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Dynamic Technology Lab Private Ltd has acquired 9,931 shares of Southern Missouri Bancorp, Inc., valued at approximately $517,000, now holding 0.08% of the company.
• Southern Missouri Bancorp recently raised its quarterly dividend from $0.23 to $0.25 per share, representing an annualized yield of 1.8%.
• Analysts have set an average price target of $64.67 for Southern Missouri Bancorp, with ratings ranging from Buy to Hold based on recent equity research reports.

Dynamic Technology Lab Private Ltd bought a new position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,931 shares of the savings and loans company's stock, valued at approximately $517,000. Dynamic Technology Lab Private Ltd owned approximately 0.08% of Southern Missouri Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Southern Missouri Bancorp by 2.1% during the first 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 during the last quarter. American Century Companies Inc. lifted its holdings in Southern Missouri Bancorp by 10.5% in the 1st quarter. American Century Companies Inc. now owns 229,885 shares of the savings and loans company's stock valued at $11,959,000 after purchasing an additional 21,788 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Southern Missouri Bancorp by 63.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 107,690 shares of the savings and loans company's stock worth $5,602,000 after purchasing an additional 41,770 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Southern Missouri Bancorp by 5.0% during the fourth quarter. Northern Trust Corp now owns 98,595 shares of the savings and loans company's stock worth $5,656,000 after buying an additional 4,722 shares in the last quarter. Finally, ACR Alpine Capital Research LLC raised its position in shares of Southern Missouri Bancorp by 2.2% in the first 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 buying an additional 1,067 shares during the last quarter. 49.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director William E. Young sold 10,000 shares of the business's stock in a transaction dated 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. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.60% of the company's stock.

Analyst Upgrades and Downgrades

SMBC has been the topic of a number of analyst reports. Piper Sandler assumed coverage on shares of Southern Missouri Bancorp in a research report on Thursday, August 28th. They set a "neutral" rating and a $66.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a "market perform" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $64.67.

Southern Missouri Bancorp Stock Down 1.7%

NASDAQ:SMBC traded down $0.96 during trading hours on Friday, hitting $55.62. The stock had a trading volume of 17,132 shares, compared to its average volume of 31,635. The company has a market cap of $628.51 million, a PE ratio of 10.74 and a beta of 1.03. The business has a 50 day simple moving average of $55.91 and a two-hundred day simple moving average of $53.92. Southern Missouri Bancorp, Inc. has a 1-year low of $45.10 and a 1-year high of $68.69. 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 posted its earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $47.61 million for the quarter, compared to analysts' expectations of $46.60 million. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.35%. Analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

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

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.