Thrivent Financial for Lutherans Sells 6,521 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Thrivent Financial for Lutherans cut its position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 61.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,097 shares of the savings and loans company’s stock after selling 6,521 shares during the period. Thrivent Financial for Lutherans’ holdings in Southern Missouri Bancorp were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Southern Missouri Bancorp by 38.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,254 shares of the savings and loans company’s stock valued at $531,000 after buying an additional 2,547 shares during the period. AlphaQuest LLC bought a new stake in shares of Southern Missouri Bancorp in the 4th quarter valued at about $273,000. Proficio Capital Partners LLC bought a new stake in shares of Southern Missouri Bancorp in the 4th quarter valued at about $783,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Southern Missouri Bancorp by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 91,520 shares of the savings and loans company’s stock valued at $5,251,000 after purchasing an additional 1,563 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in Southern Missouri Bancorp by 6.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 13,350 shares of the savings and loans company’s stock valued at $766,000 after buying an additional 780 shares during the period. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SMBC. Stephens restated an “overweight” rating and set a $76.00 target price on shares of Southern Missouri Bancorp in a report on Tuesday, January 28th. Keefe, Bruyette & Woods dropped their price objective on Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

Southern Missouri Bancorp Trading Down 1.1 %

NASDAQ:SMBC opened at $47.44 on Friday. The stock has a market capitalization of $567.33 million, a price-to-earnings ratio of 10.36 and a beta of 0.99. Southern Missouri Bancorp, Inc. has a 52 week low of $39.00 and a 52 week high of $68.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $56.21 and a 200 day moving average of $58.52.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Monday, February 3rd. The savings and loans company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.45% and a net margin of 17.72%. As a group, sell-side analysts anticipate that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.94%. Southern Missouri Bancorp’s payout ratio is 20.09%.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director Douglas Bagby sold 7,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $59.08, for a total value of $413,560.00. Following the completion of the transaction, the director now owns 21,000 shares of the company’s stock, valued at approximately $1,240,680. This trade represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 16.60% of the company’s stock.

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.