Dynamic Technology Lab Private Ltd Invests $517,000 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 acquired a new position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,931 shares of the savings and loans company's stock, valued at approximately $517,000. Dynamic Technology Lab Private Ltd owned 0.08% of Southern Missouri Bancorp at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SMBC. Lazard Asset Management LLC increased its position in shares of Southern Missouri Bancorp by 147.5% in the fourth quarter. Lazard Asset Management LLC now owns 3,542 shares of the savings and loans company's stock worth $202,000 after purchasing an additional 2,111 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of Southern Missouri Bancorp in the fourth quarter worth $220,000. GAMMA Investing LLC increased its position in shares of Southern Missouri Bancorp by 7,404.9% in the first quarter. GAMMA Investing LLC now owns 4,578 shares of the savings and loans company's stock worth $238,000 after purchasing an additional 4,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Southern Missouri Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company's stock worth $296,000 after purchasing an additional 234 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Southern Missouri Bancorp by 122.9% in the first quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company's stock valued at $501,000 after buying an additional 5,306 shares in the last quarter. Institutional investors own 49.49% of the company's stock.

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 stock was sold at an average price of $56.30, for a total transaction of $563,000.00. Following the completion of the transaction, the director directly owned 94,987 shares in the company, valued at $5,347,768.10. This trade represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is owned by company insiders.

Southern Missouri Bancorp Trading Down 1.0%

Shares of SMBC stock traded down $0.58 during mid-day trading on Tuesday, reaching $54.69. 16,738 shares of the stock traded hands, compared to its average volume of 29,570. The stock's fifty day simple moving average is $55.82 and its two-hundred day simple moving average is $53.86. Southern Missouri Bancorp, Inc. has a 1-year low of $45.10 and a 1-year high of $68.69. The company has a market cap of $617.45 million, a price-to-earnings ratio of 10.56 and a beta of 1.03. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. Southern Missouri Bancorp had a return on equity of 11.19% and a net margin of 19.17%.The firm had revenue of $47.61 million for the quarter, compared to analyst estimates of $46.60 million. On average, research analysts anticipate that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on SMBC. Piper Sandler began coverage on Southern Missouri Bancorp in a research note on Thursday, August 28th. They issued a "neutral" rating and a $66.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price target 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 analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.