Southern Missouri Bancorp, Inc. $SMBC Shares Sold by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC has reduced its stake in Southern Missouri Bancorp by 3.5% after selling 12,595 shares, now holding 352,105 shares valued at approximately $18.3 million.
• Southern Missouri Bancorp has announced a quarterly dividend of $0.25 per share, up from the previous $0.23, reflecting an annualized yield of 1.7%.
• The company recently reported $1.39 EPS for the quarter, exceeding expectations, and anticipates a 5.06 EPS for the current fiscal year.

FJ Capital Management LLC cut its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 352,105 shares of the savings and loans company's stock after selling 12,595 shares during the period. Southern Missouri Bancorp makes up 1.9% of FJ Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. FJ Capital Management LLC owned 2.94% of Southern Missouri Bancorp worth $18,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 12,358 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 purchasing an additional 18,623 shares during the last quarter. American Century Companies Inc. increased its stake 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 buying an additional 21,788 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Southern Missouri Bancorp by 63.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 107,690 shares of the savings and loans company's stock valued at $5,602,000 after buying an additional 41,770 shares during the period. Finally, Northern Trust Corp increased 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 period. 49.49% of the stock is currently owned by hedge funds and other 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 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 completion of the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SMBC. Piper Sandler began coverage on shares of 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 boosted their price objective on shares of 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 equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.67.

Southern Missouri Bancorp Price Performance

SMBC traded up $1.12 during trading on Thursday, reaching $58.13. 22,624 shares of the stock were exchanged, compared to its average volume of 33,745. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $656.87 million, a price-to-earnings ratio of 11.22 and a beta of 1.03. Southern Missouri Bancorp, Inc. has a 1 year low of $45.10 and a 1 year high of $68.69. The business's 50 day moving average price is $55.82 and its two-hundred day moving average price is $54.03.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. The business had revenue of $47.61 million during the quarter, compared to the consensus estimate of $46.60 million. Southern Missouri Bancorp had a return on equity of 11.35% and a net margin of 19.17%. As a group, equities research analysts anticipate that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.25 per share. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.23. The ex-dividend date was Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.7%. 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.