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

Victory Capital Management Inc. trimmed its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,350 shares of the savings and loans company’s stock after selling 650 shares during the period. Victory Capital Management Inc. owned about 0.17% of Southern Missouri Bancorp worth $1,093,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SMBC. Vanguard Group Inc. lifted its stake in shares of Southern Missouri Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock valued at $25,300,000 after buying an additional 3,821 shares during the period. Dimensional Fund Advisors LP raised its holdings in Southern Missouri Bancorp by 4.8% in 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 last quarter. Raffles Associates LP lifted its stake in shares of Southern Missouri Bancorp by 1.3% during the 2nd quarter. Raffles Associates LP now owns 242,292 shares of the savings and loans company’s stock worth $10,906,000 after purchasing an additional 3,000 shares during the period. American Century Companies Inc. boosted its holdings 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 during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Southern Missouri Bancorp by 8.2% in the second quarter. Renaissance Technologies LLC now owns 107,734 shares of the savings and loans company’s stock valued at $4,849,000 after purchasing an additional 8,200 shares during the period. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Trading Down 1.5 %

Shares of SMBC opened at $65.80 on Wednesday. Southern Missouri Bancorp, Inc. has a twelve month low of $39.00 and a twelve month high of $68.69. The firm has a market capitalization of $742.03 million, a P/E ratio of 15.13 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $59.71 and its 200 day simple moving average is $52.05.

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

Southern Missouri Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, November 15th. Southern Missouri Bancorp’s payout ratio is currently 21.15%.

Insider Transactions at Southern Missouri Bancorp

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SMBC shares. Piper Sandler increased their target price on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stephens increased their price objective on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

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 deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.