Assenagon Asset Management S.A. Sells 21,964 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Assenagon Asset Management S.A. trimmed its holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 59.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,925 shares of the savings and loans company’s stock after selling 21,964 shares during the period. Assenagon Asset Management S.A. owned about 0.13% of Southern Missouri Bancorp worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Southern Missouri Bancorp by 249.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,080 shares of the savings and loans company’s stock worth $1,417,000 after acquiring an additional 17,895 shares during the last quarter. Franklin Resources Inc. increased its holdings in Southern Missouri Bancorp by 48.2% during the 3rd quarter. Franklin Resources Inc. now owns 104,175 shares of the savings and loans company’s stock worth $6,105,000 after purchasing an additional 33,902 shares in the last quarter. Barclays PLC raised its stake in shares of Southern Missouri Bancorp by 90.4% in the third quarter. Barclays PLC now owns 25,273 shares of the savings and loans company’s stock worth $1,427,000 after purchasing an additional 11,996 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Southern Missouri Bancorp by 1.0% in the third quarter. Geode Capital Management LLC now owns 217,753 shares of the savings and loans company’s stock valued at $12,304,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Southern Missouri Bancorp during the third quarter valued at approximately $273,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total value of $179,700.00. Following the sale, the director now directly owns 48,649 shares in the company, valued at $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 16.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Southern Missouri Bancorp Stock Performance

SMBC stock opened at $57.21 on Friday. The business has a 50 day moving average of $60.46 and a 200-day moving average of $57.28. The firm has a market cap of $645.16 million, a PE ratio of 13.15 and a beta of 0.99. Southern Missouri Bancorp, Inc. has a 12-month low of $39.00 and a 12-month high of $68.69. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. As a group, sell-side analysts expect that Southern Missouri Bancorp, Inc. will post 4.75 earnings per share for the current year.

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.