Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 103.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,889 shares of the savings and loans company’s stock after purchasing an additional 18,756 shares during the period. Assenagon Asset Management S.A.’s holdings in Southern Missouri Bancorp were worth $2,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FORVIS Wealth Advisors LLC acquired a new stake in shares of Southern Missouri Bancorp in the first quarter valued at about $861,000. Bailard Inc. acquired a new stake in shares of Southern Missouri Bancorp in the second quarter valued at about $293,000. Bank of New York Mellon Corp lifted its stake in shares of Southern Missouri Bancorp by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 52,423 shares of the savings and loans company’s stock valued at $2,360,000 after purchasing an additional 3,282 shares during the period. Vanguard Group Inc. lifted its stake in shares of Southern Missouri Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock valued at $25,300,000 after purchasing an additional 3,821 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Southern Missouri Bancorp by 7.4% in the first quarter. Empowered Funds LLC now owns 17,701 shares of the savings and loans company’s stock valued at $774,000 after purchasing an additional 1,225 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Stock Performance

Shares of SMBC opened at $59.30 on Friday. 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 stock has a market cap of $668.79 million, a P/E ratio of 13.63 and a beta of 0.96. The company has a 50-day moving average of $56.82 and a two-hundred day moving average of $49.12. Southern Missouri Bancorp, Inc. has a 12-month low of $39.00 and a 12-month high of $62.03.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The firm had revenue of $74.55 million for the quarter, compared to analyst estimates of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.61% and a net margin of 18.37%. As a group, research analysts predict that Southern Missouri Bancorp, Inc. will post 4.7 EPS for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.23 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.92 annualized dividend and a yield of 1.55%. Southern Missouri Bancorp’s payout ratio is currently 21.15%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SMBC. Stephens lifted their target price on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday. Piper Sandler lifted their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.57, for a total value of $247,850.00. Following the completion of the sale, the director now owns 218,917 shares in the company, valued at $10,851,715.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.60% of the stock is owned by corporate insiders.

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.