FJ Capital Management LLC Reduces Holdings in Southern Missouri Bancorp, Inc. $SMBC

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 trimmed its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 352,105 shares of the savings and loans company's stock after selling 12,595 shares during the quarter. Southern Missouri Bancorp accounts for about 1.9% of FJ Capital Management LLC's holdings, making the stock its 21st largest position. FJ Capital Management LLC owned about 2.94% of Southern Missouri Bancorp worth $18,317,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Southern Missouri Bancorp by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,447 shares of the savings and loans company's stock worth $312,000 after acquiring an additional 228 shares during the last quarter. MetLife Investment Management LLC increased its stake in Southern Missouri Bancorp by 7.5% in the 4th quarter. MetLife Investment Management LLC now owns 5,577 shares of the savings and loans company's stock worth $320,000 after acquiring an additional 391 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in Southern Missouri Bancorp by 3.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 31,844 shares of the savings and loans company's stock worth $1,827,000 after acquiring an additional 945 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Southern Missouri Bancorp by 10.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,226 shares of the savings and loans company's stock worth $532,000 after acquiring an additional 972 shares during the last quarter. Finally, ACR Alpine Capital Research LLC increased its stake 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 worth $2,525,000 after acquiring an additional 1,067 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler assumed coverage on Southern Missouri Bancorp in a research note on Thursday, August 28th. They issued 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 stock 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $64.67.

Insider Activity at Southern Missouri Bancorp

In other news, Director William E. Young sold 10,000 shares of the 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 transaction, the director directly owned 94,987 shares in the company, valued at approximately $5,347,768.10. This represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.60% of the company's stock.

Southern Missouri Bancorp Price Performance

Shares of Southern Missouri Bancorp stock traded down $0.77 during trading on Friday, hitting $57.36. 20,062 shares of the stock traded hands, compared to its average volume of 25,876. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. The stock has a market cap of $648.17 million, a price-to-earnings ratio of 11.07 and a beta of 1.03. The firm's fifty day moving average is $55.95 and its 200-day moving average is $54.00. Southern Missouri Bancorp, Inc. has a 52 week low of $45.10 and a 52 week high of $68.69.

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

Southern Missouri Bancorp Increases Dividend

The company 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 is a boost 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 dividend yield of 1.7%. Southern Missouri Bancorp's dividend payout ratio is currently 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.