Thrivent Financial for Lutherans Purchases Shares of 10,618 Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Thrivent Financial for Lutherans purchased a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 3rd quarter, Holdings Channel reports. The fund purchased 10,618 shares of the savings and loans company’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Southern Missouri Bancorp in the third quarter valued at about $233,000. XTX Topco Ltd purchased a new stake in shares of Southern Missouri Bancorp in the second quarter valued at about $210,000. Triune Financial Partners LLC purchased a new stake in shares of Southern Missouri Bancorp in the third quarter valued at about $328,000. Bailard Inc. purchased a new stake in shares of Southern Missouri Bancorp in the second quarter valued at about $293,000. Finally, Creative Planning lifted its stake in shares of Southern Missouri Bancorp by 20.9% during the third quarter. Creative Planning now owns 6,610 shares of the savings and loans company’s stock valued at $373,000 after buying an additional 1,142 shares during the period. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stephens upped their price objective on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Piper Sandler upped their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th.

Southern Missouri Bancorp Stock Performance

NASDAQ:SMBC opened at $65.61 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The company has a market cap of $740.08 million, a P/E ratio of 14.94 and a beta of 0.97. Southern Missouri Bancorp, Inc. has a fifty-two week low of $39.00 and a fifty-two week high of $68.69. The firm’s 50 day moving average is $60.91 and its two-hundred day moving average is $53.03.

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

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio is currently 21.15%.

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 deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.