Connor Clark & Lunn Investment Management Ltd. Invests $379,000 in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,707 shares of the savings and loans company’s stock, valued at approximately $379,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Southern Missouri Bancorp by 0.7% in 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 in the last quarter. Bank of New York Mellon Corp lifted its position in Southern Missouri Bancorp by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 52,423 shares of the savings and loans company’s stock worth $2,360,000 after buying an additional 3,282 shares during the last quarter. Bailard Inc. purchased a new stake in Southern Missouri Bancorp in the second quarter worth approximately $293,000. ACR Alpine Capital Research LLC grew its position in Southern Missouri Bancorp by 24.9% during the second quarter. ACR Alpine Capital Research LLC now owns 60,860 shares of the savings and loans company’s stock valued at $2,739,000 after acquiring an additional 12,125 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Southern Missouri Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 14,347 shares of the savings and loans company’s stock worth $646,000 after acquiring an additional 263 shares in the last quarter. Institutional investors own 49.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SMBC. Piper Sandler boosted their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stephens boosted their price target on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Insider Transactions at Southern Missouri Bancorp

In other news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the transaction, the director now directly owns 48,649 shares of the company’s stock, valued at approximately $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.60% of the stock is currently owned by company insiders.

Southern Missouri Bancorp Price Performance

SMBC opened at $65.65 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. Southern Missouri Bancorp, Inc. has a 1 year low of $39.00 and a 1 year high of $68.69. The stock’s 50 day simple moving average is $60.50 and its 200 day simple moving average is $52.57. The firm has a market cap of $740.34 million, a price-to-earnings ratio of 15.09 and a beta of 0.95.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. The firm had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. As a group, analysts predict that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 21.15%.

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.