Victory Capital Management Inc. Grows Stock Holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Victory Capital Management Inc. grew its holdings in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,000 shares of the savings and loans company’s stock after buying an additional 2,000 shares during the quarter. Victory Capital Management Inc. owned 0.18% of Southern Missouri Bancorp worth $900,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SMBC. FORVIS Wealth Advisors LLC purchased a new stake in Southern Missouri Bancorp during the first quarter worth approximately $861,000. BTC Capital Management Inc. purchased a new stake in Southern Missouri Bancorp during the first quarter worth approximately $801,000. First Financial Bankshares Inc purchased a new stake in Southern Missouri Bancorp during the fourth quarter worth approximately $822,000. ACR Alpine Capital Research LLC grew its stake in Southern Missouri Bancorp by 36.1% during the first quarter. ACR Alpine Capital Research LLC now owns 48,735 shares of the savings and loans company’s stock worth $2,130,000 after buying an additional 12,925 shares during the period. Finally, Epoch Investment Partners Inc. grew its stake in Southern Missouri Bancorp by 4.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 272,500 shares of the savings and loans company’s stock worth $14,549,000 after buying an additional 12,375 shares during the period. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens began coverage on shares of Southern Missouri Bancorp in a research note on Tuesday, August 13th. They issued an “overweight” rating and a $60.00 target price for the company.

Insider Activity at Southern Missouri Bancorp

In related news, Director William E. Young sold 5,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.57, for a total value of $247,850.00. Following the sale, the director now directly owns 218,917 shares of the company’s stock, valued at $10,851,715.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director William E. Young sold 500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $52.37, for a total value of $26,185.00. Following the sale, the director now directly owns 223,917 shares of the company’s stock, valued at $11,726,533.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Young sold 5,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.57, for a total transaction of $247,850.00. Following the completion of the sale, the director now directly owns 218,917 shares in the company, valued at $10,851,715.69. The disclosure for this sale can be found here. 17.41% of the stock is currently owned by corporate insiders.

Southern Missouri Bancorp Price Performance

Shares of SMBC stock opened at $55.54 on Friday. The company has a market capitalization of $626.49 million, a PE ratio of 12.10 and a beta of 0.97. The firm has a fifty day simple moving average of $53.32 and a 200-day simple moving average of $46.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. Southern Missouri Bancorp, Inc. has a twelve month low of $37.74 and a twelve month high of $59.67.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Monday, July 29th. The savings and loans company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.26. The business had revenue of $42.86 million during the quarter, compared to the consensus estimate of $40.18 million. Southern Missouri Bancorp had a net margin of 18.37% and a return on equity of 10.61%. Equities research analysts anticipate that Southern Missouri Bancorp, Inc. will post 4.7 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 1.66%. Southern Missouri Bancorp’s dividend payout ratio is currently 20.04%.

Southern Missouri Bancorp 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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.