Southern Missouri Bancorp, Inc. $SMBC Shares Bought by Hotchkis & Wiley Capital Management LLC

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 holdings in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 63.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,690 shares of the savings and loans company's stock after buying an additional 41,770 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 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 also recently bought and sold shares of the business. American Century Companies Inc. raised 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 worth $11,959,000 after buying an additional 21,788 shares during the last quarter. Nuveen LLC purchased a new position in Southern Missouri Bancorp during the 1st quarter worth approximately $1,298,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Southern Missouri Bancorp by 10.5% during 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 buying an additional 972 shares during the last quarter. Vanguard Group Inc. raised 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 worth $31,714,000 after buying an additional 12,358 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised its position in Southern Missouri Bancorp by 2.2% during 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 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 Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 10,000 shares of Southern Missouri Bancorp stock in a transaction on Monday, July 28th. The shares were sold at an average price of $56.30, for a total transaction of $563,000.00. Following the sale, the director owned 94,987 shares of the company's stock, valued at $5,347,768.10. The trade was a 9.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.60% of the stock is currently owned by company insiders.

Southern Missouri Bancorp Price Performance

NASDAQ SMBC traded up $0.07 on Thursday, hitting $57.85. The company had a trading volume of 21,193 shares, compared to its average volume of 30,305. The company has a market capitalization of $653.71 million, a PE ratio of 11.17 and a beta of 1.03. The company's fifty day moving average price is $55.44 and its 200-day moving average price is $54.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. Southern Missouri Bancorp, Inc. has a 12-month low of $45.10 and a 12-month high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.35%. The company had revenue of $47.61 million during the quarter, compared to analyst estimates of $46.60 million. As a group, analysts predict 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 will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid 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 of this dividend is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.7%. Southern Missouri Bancorp's dividend payout ratio is presently 19.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler assumed coverage on shares of Southern Missouri Bancorp in a report on Thursday. They set a "neutral" rating and a $66.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a "market perform" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Southern Missouri Bancorp has a consensus rating of "Hold" and a consensus price target of $64.67.

Southern Missouri Bancorp 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.