Assenagon Asset Management S.A. Acquires 18,756 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Assenagon Asset Management S.A. grew its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 103.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,889 shares of the savings and loans company's stock after buying an additional 18,756 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.33% of Southern Missouri Bancorp worth $2,084,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in Southern Missouri Bancorp by 23.2% in the second quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company's stock valued at $6,545,000 after buying an additional 27,388 shares during the period. FORVIS Wealth Advisors LLC bought a new stake in shares of Southern Missouri Bancorp during the first quarter worth about $861,000. Dimensional Fund Advisors LP increased its position in shares of Southern Missouri Bancorp by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company's stock worth $15,947,000 after acquiring an additional 16,085 shares in the last quarter. ACR Alpine Capital Research LLC increased its position in shares of 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 acquiring an additional 12,925 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Southern Missouri Bancorp by 46.5% during the second quarter. Acadian Asset Management LLC now owns 27,302 shares of the savings and loans company's stock worth $1,227,000 after acquiring an additional 8,662 shares in the last quarter. Institutional investors and hedge funds own 49.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stephens boosted their target price on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday. Piper Sandler boosted their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday.

Insider Activity at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at $10,851,715.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.60% of the stock is currently owned by corporate insiders.

Southern Missouri Bancorp Stock Down 1.0 %

SMBC stock traded down $0.62 during trading on Friday, reaching $58.68. The stock had a trading volume of 22,225 shares, compared to its average volume of 30,270. Southern Missouri Bancorp, Inc. has a one year low of $39.00 and a one year high of $62.03. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The company's 50 day moving average is $56.82 and its two-hundred day moving average is $49.12. The company has a market capitalization of $661.91 million, a price-to-earnings ratio of 13.63 and a beta of 0.96.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.11 by ($0.01). Southern Missouri Bancorp had a return on equity of 10.32% and a net margin of 17.44%. The firm had revenue of $74.55 million during the quarter, compared to the consensus estimate of $42.48 million. Equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, November 15th. Southern Missouri Bancorp's payout ratio is currently 21.15%.

About Southern Missouri Bancorp

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.