Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Holdings Lifted by Raffles Associates LP

Raffles Associates LP raised its position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 242,292 shares of the savings and loans company’s stock after acquiring an additional 3,000 shares during the period. Southern Missouri Bancorp makes up 12.3% of Raffles Associates LP’s portfolio, making the stock its biggest position. Raffles Associates LP owned about 2.13% of Southern Missouri Bancorp worth $10,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMBC. Vanguard Group Inc. boosted its position in Southern Missouri Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock worth $25,300,000 after purchasing an additional 3,821 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Southern Missouri Bancorp by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock valued at $15,947,000 after buying an additional 16,085 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Southern Missouri Bancorp by 4.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 272,500 shares of the savings and loans company’s stock valued at $14,549,000 after buying an additional 12,375 shares during the period. American Century Companies Inc. lifted its position in Southern Missouri Bancorp by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock worth $6,545,000 after acquiring an additional 27,388 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Southern Missouri Bancorp by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 107,734 shares of the savings and loans company’s stock worth $4,849,000 after acquiring an additional 8,200 shares during the period. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Stephens initiated coverage on shares of Southern Missouri Bancorp in a report on Tuesday, August 13th. They issued an “overweight” rating and a $60.00 price objective on the stock.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $49.57, for a total value of $247,850.00. Following the sale, the director now directly owns 218,917 shares of the company’s stock, valued at $10,851,715.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Southern Missouri Bancorp news, Director William E. Young sold 500 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $52.37, for a total transaction of $26,185.00. Following the sale, the director now directly owns 223,917 shares in the company, valued at approximately $11,726,533.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Young sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $49.57, for a total value of $247,850.00. Following the sale, the director now directly owns 218,917 shares in the company, valued at approximately $10,851,715.69. The disclosure for this sale can be found here. Company insiders own 17.41% of the company’s stock.

Southern Missouri Bancorp Stock Up 0.1 %

SMBC stock opened at $55.62 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $53.67 and a 200-day simple moving average of $46.26. The company has a market capitalization of $631.57 million, a P/E ratio of 12.12 and a beta of 0.97. Southern Missouri Bancorp, Inc. has a twelve month low of $37.74 and a twelve month high of $59.67.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Monday, July 29th. The savings and loans company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.26. Southern Missouri Bancorp had a net margin of 18.37% and a return on equity of 10.61%. The company had revenue of $42.86 million during the quarter, compared to the consensus estimate of $40.18 million. On average, equities research analysts predict that Southern Missouri Bancorp, Inc. will post 4.7 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, August 15th. Southern Missouri Bancorp’s dividend payout ratio is presently 20.04%.

Southern Missouri Bancorp Company 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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.