Assenagon Asset Management S.A. Sells 10,992 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Assenagon Asset Management S.A. cut its position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 73.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Southern Missouri Bancorp by 4.9% during the fourth 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 period. American Century Companies Inc. raised its holdings in shares of Southern Missouri Bancorp by 17.7% in the fourth quarter. American Century Companies Inc. now owns 208,097 shares of the savings and loans company's stock worth $11,939,000 after buying an additional 31,267 shares during the period. Franklin Resources Inc. raised its holdings in shares of Southern Missouri Bancorp by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 109,664 shares of the savings and loans company's stock worth $6,291,000 after buying an additional 5,489 shares during the period. Northern Trust Corp raised its holdings in shares of Southern Missouri Bancorp by 5.0% in the fourth quarter. Northern Trust Corp now owns 98,595 shares of the savings and loans company's stock worth $5,656,000 after buying an additional 4,722 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Southern Missouri Bancorp by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 91,520 shares of the savings and loans company's stock worth $5,251,000 after buying an additional 1,563 shares during the period. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $53.23, for a total value of $159,690.00. Following the transaction, the director now owns 42,649 shares of the company's stock, valued at $2,270,206.27. This represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Southern Missouri Bancorp Trading Down 0.5%

Shares of NASDAQ SMBC traded down $0.26 during midday trading on Friday, hitting $51.45. The company's stock had a trading volume of 61,024 shares, compared to its average volume of 23,524. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The business's 50 day moving average is $52.60 and its two-hundred day moving average is $55.19. Southern Missouri Bancorp, Inc. has a 12-month low of $41.02 and a 12-month high of $68.69. The firm has a market cap of $581.39 million, a P/E ratio of 10.33 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The savings and loans company reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $46.15 million for the quarter, compared to the consensus estimate of $45.33 million. As a group, equities research analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors 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 1.79%. Southern Missouri Bancorp's dividend payout ratio (DPR) is currently 18.47%.

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.