Thrivent Financial for Lutherans Makes New Investment in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Thrivent Financial for Lutherans purchased a new position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,618 shares of the savings and loans company’s stock, valued at approximately $600,000. Thrivent Financial for Lutherans owned 0.09% of Southern Missouri Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Southern Missouri Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock valued at $25,300,000 after acquiring an additional 3,821 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Southern Missouri Bancorp by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock valued at $15,947,000 after acquiring an additional 16,085 shares during the period. Raffles Associates LP lifted its stake in Southern Missouri Bancorp by 1.3% in the 2nd quarter. Raffles Associates LP now owns 242,292 shares of the savings and loans company’s stock valued at $10,906,000 after buying an additional 3,000 shares in the last quarter. American Century Companies Inc. lifted its stake in Southern Missouri Bancorp by 23.2% in the 2nd quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock valued at $6,545,000 after buying an additional 27,388 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Southern Missouri Bancorp by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 107,734 shares of the savings and loans company’s stock valued at $4,849,000 after buying an additional 8,200 shares in the last quarter. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Price Performance

Southern Missouri Bancorp stock opened at $65.61 on Thursday. The stock has a market cap of $740.08 million, a P/E ratio of 14.94 and a beta of 0.97. The company has a fifty day simple moving average of $60.91 and a 200-day simple moving average of $53.03. Southern Missouri Bancorp, Inc. has a 12-month low of $39.00 and a 12-month high of $68.69. 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 (NASDAQ:SMBC) last announced 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 net margin of 17.44% and a return on equity of 10.18%. The company had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Equities analysts expect that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

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

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the transaction, the director now directly owns 48,649 shares in the company, valued at approximately $2,914,075.10. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SMBC has been the topic of a number of research reports. Piper Sandler raised their price target on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens raised their target price on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock 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.