Raffles Associates LP Decreases Position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Raffles Associates LP lowered its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,047 shares of the savings and loans company’s stock after selling 9,245 shares during the period. Southern Missouri Bancorp accounts for 13.5% of Raffles Associates LP’s portfolio, making the stock its largest holding. Raffles Associates LP owned about 2.07% of Southern Missouri Bancorp worth $13,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in Southern Missouri Bancorp by 147.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock worth $5,082,000 after buying an additional 53,670 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Southern Missouri Bancorp by 23.2% during the second quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock worth $6,545,000 after purchasing an additional 27,388 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Southern Missouri Bancorp by 103.4% during the third quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock valued at $2,084,000 after purchasing an additional 18,756 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 in the last quarter. Finally, ACR Alpine Capital Research LLC raised its position in Southern Missouri Bancorp by 24.9% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 60,860 shares of the savings and loans company’s stock worth $2,739,000 after purchasing an additional 12,125 shares during the last quarter. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Price Performance

SMBC opened at $65.65 on Friday. The company has a fifty day moving average price of $60.30 and a two-hundred day moving average price of $52.41. The firm has a market capitalization of $740.34 million, a PE ratio of 15.09 and a beta of 0.95. Southern Missouri Bancorp, Inc. has a 52 week low of $39.00 and a 52 week high of $68.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98.

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

Southern Missouri Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.40%. Southern Missouri Bancorp’s dividend payout ratio is 21.15%.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was 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 directly owns 48,649 shares in the company, valued at $2,914,075.10. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.60% of the company’s stock.

Analyst Upgrades and Downgrades

SMBC has been the topic of a number of recent research reports. Piper Sandler increased their price objective 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 lifted their price objective on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th.

About Southern Missouri Bancorp

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.