Hotchkis & Wiley Capital Management LLC Acquires 41,770 Shares of Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Southern Missouri Bancorp by 63.4%, owning 107,690 shares worth approximately $5.6 million after purchasing an additional 41,770 shares in Q1.
• The company recently announced a quarterly dividend of $0.25, marking an increase from the previous dividend of $0.23, with a current yield of 1.8%.
• Southern Missouri Bancorp reported $1.39 earnings per share for the last quarter, surpassing the consensus estimate by $0.16 and generating revenue of $47.61 million.

Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 63.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,690 shares of the savings and loans company's stock after buying an additional 41,770 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.90% of Southern Missouri Bancorp worth $5,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Southern Missouri Bancorp by 2.1% during 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 in the last quarter. Dimensional Fund Advisors LP increased its position in Southern Missouri Bancorp by 4.9% during 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 in the last quarter. American Century Companies Inc. increased its position in Southern Missouri Bancorp by 10.5% during 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 in the last quarter. Northern Trust Corp increased its position in Southern Missouri Bancorp by 5.0% during 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 in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Southern Missouri Bancorp during the 4th quarter valued at approximately $5,228,000. Institutional investors own 49.49% of the company's stock.

Insider Buying and Selling

In related news, Director William E. Young sold 10,000 shares of the firm's stock in a transaction on 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 directly owned 94,987 shares of the company's stock, valued at approximately $5,347,768.10. This trade 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. Corporate insiders own 16.60% of the company's stock.

Analyst Ratings Changes

SMBC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a "market perform" rating in a research report on Friday, July 25th. Piper Sandler began coverage on Southern Missouri Bancorp in a research report on Thursday. They set a "neutral" rating and a $66.00 price objective for the company. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $64.67.

Southern Missouri Bancorp Stock Down 0.6%

SMBC traded down $0.32 during trading on Friday, hitting $57.53. 21,572 shares of the company's stock traded hands, compared to its average volume of 28,305. The company's 50 day simple moving average is $55.56 and its two-hundred day simple moving average is $54.01. 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, Inc. has a 12-month low of $45.10 and a 12-month high of $68.69. The stock has a market capitalization of $650.09 million, a price-to-earnings ratio of 11.11 and a beta of 1.03.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its earnings results 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 business had revenue of $47.61 million for 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%. Analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.23. Southern Missouri Bancorp's payout ratio is 19.31%.

Southern Missouri Bancorp Company Profile

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.