Vanguard Group Inc. Raises Stock Holdings in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Vanguard Group Inc. has increased its stake in Southern Missouri Bancorp by 2.1%, holding 609,644 shares valued at approximately $31.7 million as of the latest SEC filing.
• Southern Missouri Bancorp reported a quarterly earnings per share (EPS) of $1.39, exceeding the consensus estimate of $1.23, alongside a revenue of $47.61 million.
• The company is set to pay a quarterly dividend of $0.25 on August 29th, which represents a yield of 1.7% and marks an increase from the previous dividend of $0.23.

Vanguard Group Inc. raised its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 609,644 shares of the savings and loans company's stock after buying an additional 12,358 shares during the period. Vanguard Group Inc. owned about 5.10% of Southern Missouri Bancorp worth $31,714,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC grew its position in shares of 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 valued at $2,525,000 after buying an additional 1,067 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Southern Missouri Bancorp by 7.9% in the 1st quarter. Victory Capital Management Inc. now owns 20,380 shares of the savings and loans company's stock valued at $1,060,000 after buying an additional 1,488 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Southern Missouri Bancorp by 7,404.9% in the 1st quarter. GAMMA Investing LLC now owns 4,578 shares of the savings and loans company's stock valued at $238,000 after buying an additional 4,517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 valued at $312,000 after buying an additional 228 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Southern Missouri Bancorp by 147.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,542 shares of the savings and loans company's stock valued at $202,000 after buying an additional 2,111 shares during the last quarter. Institutional investors own 49.49% of the company's stock.

Southern Missouri Bancorp Stock Down 0.8%

SMBC traded down $0.45 during midday trading on Tuesday, reaching $57.08. 21,852 shares of the company were exchanged, compared to its average volume of 27,234. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. The company's fifty day moving average price is $55.73 and its 200 day moving average price is $54.01. The company has a market cap of $645.00 million, a price-to-earnings ratio of 11.02 and a beta of 1.03. Southern Missouri Bancorp, Inc. has a one year low of $45.10 and a one year high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The savings and loans company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The firm had revenue of $47.61 million during 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%. As a group, analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Southern Missouri Bancorp's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Southern Missouri Bancorp's dividend payout ratio (DPR) is 19.31%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SMBC shares. Keefe, Bruyette & Woods upped their price target 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 started coverage on Southern Missouri Bancorp in a research report on Thursday, August 28th. They set a "neutral" rating and a $66.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $64.67.

Insider Activity at Southern Missouri Bancorp

In related news, Director William E. Young sold 10,000 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $56.30, for a total transaction of $563,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.60% of the company's stock.

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.