Connor Clark & Lunn Investment Management Ltd. Buys 4,701 Shares of Southern Missouri Bancorp, Inc. $SMBC

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 46.0% in the second quarter, Holdings Channel.com reports. The fund owned 14,927 shares of the savings and loans company’s stock after acquiring an additional 4,701 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Southern Missouri Bancorp were worth $818,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in Southern Missouri Bancorp during the 2nd quarter valued at approximately $32,000. Strs Ohio bought a new stake in shares of Southern Missouri Bancorp in the 1st quarter valued at $94,000. Voleon Capital Management LP bought a new position in Southern Missouri Bancorp during the first quarter worth $255,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Southern Missouri Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock valued at $296,000 after buying an additional 234 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Southern Missouri Bancorp by 98.9% during the second quarter. Assenagon Asset Management S.A. now owns 7,824 shares of the savings and loans company’s stock valued at $429,000 after acquiring an additional 3,891 shares during the last quarter. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ SMBC opened at $52.97 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $53.19 and its 200 day simple moving average is $54.22. The stock has a market cap of $593.37 million, a price-to-earnings ratio of 9.70 and a beta of 1.05. Southern Missouri Bancorp, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Wednesday, November 10th. The savings and loans company reported $1.40 EPS for the quarter. The firm had revenue of $30.15 million during the quarter. Southern Missouri Bancorp had a return on equity of 11.74% and a net margin of 19.86%. As a group, research analysts anticipate that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, November 14th. Southern Missouri Bancorp’s payout ratio is currently 18.32%.

Analyst Ratings Changes

SMBC has been the subject of several research analyst reports. Piper Sandler set a $60.50 price objective on Southern Missouri Bancorp and gave the stock a “neutral” rating in a research report on Monday, October 27th. Weiss Ratings lowered Southern Missouri Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Southern Missouri Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.83.

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.