Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 258,104 shares of the savings and loans company’s stock after selling 6,996 shares during the quarter. The Manufacturers Life Insurance Company owned 2.29% of Southern Missouri Bancorp worth $14,580,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Southern Missouri Bancorp by 1.9% in 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 during the period. Empowered Funds LLC grew its position in Southern Missouri Bancorp by 4.9% during the 3rd quarter. Empowered Funds LLC now owns 19,899 shares of the savings and loans company’s stock worth $1,124,000 after purchasing an additional 938 shares during the period. Creative Planning raised its stake in shares of Southern Missouri Bancorp by 20.9% during the 3rd 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 last quarter. Victory Capital Management Inc. lifted its holdings in shares of Southern Missouri Bancorp by 11.1% in the 2nd quarter. Victory Capital Management Inc. now owns 20,000 shares of the savings and loans company’s stock valued at $900,000 after buying an additional 2,000 shares during the period. Finally, Raffles Associates LP boosted its stake in shares of Southern Missouri Bancorp by 1.3% in the second quarter. Raffles Associates LP now owns 242,292 shares of the savings and loans company’s stock worth $10,906,000 after buying an additional 3,000 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Stock Performance

Shares of SMBC stock opened at $65.65 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. Southern Missouri Bancorp, Inc. has a 12-month low of $39.00 and a 12-month high of $68.69. The business’s 50 day moving average is $60.50 and its two-hundred day moving average is $52.65. The company has a market capitalization of $740.53 million, a P/E ratio of 15.09 and a beta of 0.95.

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 business had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. Analysts expect that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

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

Insider Buying and Selling

In other Southern Missouri Bancorp 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 completion of the sale, the director now directly owns 48,649 shares in the company, valued at approximately $2,914,075.10. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

SMBC has been the subject of several recent research reports. Piper Sandler lifted their price target on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Stephens boosted their target price 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.

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.