Martingale Asset Management L P Increases Stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Martingale Asset Management L P increased its position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 126.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,330 shares of the savings and loans company’s stock after buying an additional 11,370 shares during the period. Martingale Asset Management L P owned about 0.18% of Southern Missouri Bancorp worth $1,148,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Southern Missouri Bancorp by 0.7% during 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 buying an additional 3,821 shares during the period. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 16,085 shares during the last quarter. Raffles Associates LP grew its stake in 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 valued at $10,906,000 after purchasing an additional 3,000 shares during the last quarter. American Century Companies Inc. grew its stake in Southern Missouri Bancorp by 23.2% in the second quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock valued at $6,545,000 after purchasing an additional 27,388 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Southern Missouri Bancorp by 8.2% in the second quarter. Renaissance Technologies LLC now owns 107,734 shares of the savings and loans company’s stock valued at $4,849,000 after purchasing an additional 8,200 shares during the last quarter. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Price Performance

Shares of SMBC stock opened at $65.65 on Monday. Southern Missouri Bancorp, Inc. has a fifty-two week low of $39.00 and a fifty-two week high of $68.69. The firm has a market capitalization of $740.53 million, a price-to-earnings ratio of 15.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $60.50 and its 200-day simple moving average is $52.65.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued 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). Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. The business had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. As a group, equities analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

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

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction dated 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 owns 48,649 shares of the company’s stock, valued at $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Stephens lifted their target price on 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 lifted their target price on 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 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.