Assenagon Asset Management S.A. Sells 9,472 Shares of Southern Missouri Bancorp, Inc. $SMBC

Assenagon Asset Management S.A. decreased its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 48.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,007 shares of the savings and loans company’s stock after selling 9,472 shares during the period. Assenagon Asset Management S.A. owned 0.09% of Southern Missouri Bancorp worth $640,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SMBC. Clayton Financial Group LLC bought a new position in shares of Southern Missouri Bancorp in the 4th quarter valued at about $16,579,000. American Century Companies Inc. raised its stake in Southern Missouri Bancorp by 10.3% during the 3rd quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock worth $14,476,000 after buying an additional 25,751 shares during the period. ACR Alpine Capital Research LLC lifted its holdings in shares of Southern Missouri Bancorp by 71.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 91,032 shares of the savings and loans company’s stock valued at $5,382,000 after purchasing an additional 37,825 shares in the last quarter. Maltese Capital Management LLC acquired a new position in shares of Southern Missouri Bancorp in the fourth quarter valued at approximately $3,554,000. Finally, CWM LLC boosted its stake in Southern Missouri Bancorp by 426.8% in the 4th quarter. CWM LLC now owns 3,003 shares of the savings and loans company’s stock worth $178,000 after purchasing an additional 2,433 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Piper Sandler reaffirmed a “neutral” rating and set a $79.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, June 26th. Stephens restated an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.33.

Insider Transactions at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the transaction, the executive vice president owned 5,375 shares in the company, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.81% of the stock is currently owned by insiders.

Southern Missouri Bancorp Stock Down 2.2%

SMBC stock opened at $76.04 on Friday. Southern Missouri Bancorp, Inc. has a 12 month low of $47.60 and a 12 month high of $78.47. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $837.96 million, a P/E ratio of 12.69 and a beta of 0.86. The firm has a 50-day moving average price of $70.27 and a 200-day moving average price of $65.51.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.05. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. The firm had revenue of $50.25 million for the quarter, compared to analysts’ expectations of $49.98 million. As a group, equities research analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. Southern Missouri Bancorp’s payout ratio is currently 16.69%.

Southern Missouri Bancorp Profile

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.