Assenagon Asset Management S.A. Trims Position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Assenagon Asset Management S.A. lowered its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 73.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,933 shares of the savings and loans company's stock after selling 10,992 shares during the period. Assenagon Asset Management S.A.'s holdings in Southern Missouri Bancorp were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SMBC. Quantbot Technologies LP purchased a new stake in Southern Missouri Bancorp during the fourth quarter worth about $74,000. KLP Kapitalforvaltning AS purchased a new position in Southern Missouri Bancorp in the 4th quarter valued at approximately $138,000. Lazard Asset Management LLC grew its stake 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 acquiring an additional 2,111 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Southern Missouri Bancorp during the fourth quarter worth $220,000. Finally, GAMMA Investing LLC raised its stake 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 valued at $238,000 after acquiring an additional 4,517 shares in the last quarter. Institutional investors and hedge funds own 49.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an "overweight" rating and issued a $65.00 price target on shares of Southern Missouri Bancorp in a research report on Tuesday, April 22nd.

Insiders Place Their Bets

In other news, Director William E. Young sold 3,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $53.23, for a total value of $159,690.00. Following the completion of the sale, the director now directly owns 42,649 shares of the company's stock, valued at approximately $2,270,206.27. The trade was a 6.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.60% of the stock is owned by corporate insiders.

Southern Missouri Bancorp Stock Up 1.6%

Shares of SMBC traded up $0.86 during midday trading on Tuesday, reaching $53.46. The stock had a trading volume of 37,723 shares, compared to its average volume of 32,194. The company has a market cap of $604.10 million, a price-to-earnings ratio of 10.73 and a beta of 0.99. The company's fifty day simple moving average is $52.69 and its two-hundred day simple moving average is $55.03. Southern Missouri Bancorp, Inc. has a 1-year low of $41.02 and a 1-year high of $68.69. 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 (NASDAQ:SMBC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. Southern Missouri Bancorp had a return on equity of 11.06% and a net margin of 18.76%. The company had revenue of $46.15 million during the quarter, compared to the consensus estimate of $45.33 million. Equities research analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.92 annualized dividend and a yield of 1.72%. Southern Missouri Bancorp's dividend payout ratio is currently 18.47%.

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.