Voleon Capital Management LP Invests $255,000 in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Voleon Capital Management LP has acquired a new stake in Southern Missouri Bancorp, purchasing 4,897 shares valued at approximately $255,000 during the first quarter.
• Southern Missouri Bancorp recently increased its quarterly dividend to $0.25 per share, up from $0.23, which translates to a 1.8% yield.
• The company reported earnings of $1.39 per share for the last quarter, exceeding analysts' predictions of $1.23, along with a revenue of $47.61 million.

Voleon Capital Management LP acquired a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,897 shares of the savings and loans company's stock, valued at approximately $255,000.

A number of other large investors have also added to or reduced their stakes in the business. Lazard Asset Management LLC raised its position in shares of Southern Missouri Bancorp by 147.5% during 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 during the last quarter. Price T Rowe Associates Inc. MD bought a new position in Southern Missouri Bancorp during the 4th quarter worth approximately $220,000. GAMMA Investing LLC raised its holdings in Southern Missouri Bancorp by 7,404.9% during the 1st quarter. GAMMA Investing LLC now owns 4,578 shares of the savings and loans company's stock worth $238,000 after purchasing an additional 4,517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Southern Missouri Bancorp by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,447 shares of the savings and loans company's stock worth $312,000 after purchasing an additional 228 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Southern Missouri Bancorp by 122.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company's stock worth $501,000 after purchasing an additional 5,306 shares during the last quarter. Institutional investors own 49.49% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SMBC shares. Piper Sandler started coverage on shares of Southern Missouri Bancorp in a report on Thursday, August 28th. They set a "neutral" rating and a $66.00 price target for the company. Keefe, Bruyette & Woods raised their price target on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the stock a "market perform" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $64.67.

Southern Missouri Bancorp Stock Down 0.4%

SMBC stock traded down $0.24 during midday trading on Monday, reaching $55.38. 2,794 shares of the company's stock traded hands, compared to its average volume of 33,904. The company has a market cap of $625.79 million, a price-to-earnings ratio of 10.68 and a beta of 1.03. The firm's fifty day moving average price is $55.91 and its 200-day moving average price is $53.87. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Southern Missouri Bancorp, Inc. has a 52 week low of $45.10 and a 52 week high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $47.61 million during the quarter, compared to analyst estimates of $46.60 million. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.19%. As a group, sell-side analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were 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 was Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Southern Missouri Bancorp's dividend payout ratio (DPR) is presently 19.31%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director William E. Young sold 10,000 shares of the business's 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 completion of the sale, the director owned 94,987 shares in the company, valued at approximately $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 can be accessed through the SEC website. Company insiders own 16.60% of the company's stock.

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.