JPMorgan Chase & Co. Acquires 17,895 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

JPMorgan Chase & Co. lifted its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 249.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,080 shares of the savings and loans company's stock after purchasing an additional 17,895 shares during the quarter. JPMorgan Chase & Co. owned 0.22% of Southern Missouri Bancorp worth $1,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMBC. Charles Schwab Investment Management Inc. boosted its holdings in Southern Missouri Bancorp by 147.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company's stock valued at $5,082,000 after purchasing an additional 53,670 shares in the last quarter. Barclays PLC boosted its stake in Southern Missouri Bancorp by 90.4% in the 3rd quarter. Barclays PLC now owns 25,273 shares of the savings and loans company's stock valued at $1,427,000 after buying an additional 11,996 shares in the last quarter. Janus Henderson Group PLC grew its position in Southern Missouri Bancorp by 42.4% in the third quarter. Janus Henderson Group PLC now owns 8,071 shares of the savings and loans company's stock valued at $455,000 after acquiring an additional 2,404 shares during the period. Geode Capital Management LLC raised its stake in Southern Missouri Bancorp by 1.0% during the third quarter. Geode Capital Management LLC now owns 217,753 shares of the savings and loans company's stock worth $12,304,000 after acquiring an additional 2,113 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in Southern Missouri Bancorp during the 3rd quarter valued at about $600,000. 49.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

SMBC has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Stephens increased their price target on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In other news, Director William E. Young sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the transaction, the director now owns 48,649 shares in the company, valued at $2,914,075.10. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.60% of the company's stock.

Southern Missouri Bancorp Trading Up 1.2 %

Shares of NASDAQ:SMBC traded up $0.66 during trading on Friday, hitting $57.21. 31,346 shares of the company's stock were exchanged, compared to its average volume of 36,523. 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 firm has a market cap of $645.16 million, a P/E ratio of 13.15 and a beta of 0.99. The firm has a 50-day moving average price of $60.46 and a two-hundred day moving average price of $57.28. Southern Missouri Bancorp, Inc. has a 1-year low of $39.00 and a 1-year high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.11 by ($0.01). The business had revenue of $74.55 million for the quarter, compared to analyst estimates of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. Equities analysts predict that Southern Missouri Bancorp, Inc. will post 4.75 earnings per share for the current year.

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.