Charles Schwab Investment Management Inc. Has $5.08 Million Position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Charles Schwab Investment Management Inc. grew its holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 147.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,957 shares of the savings and loans company's stock after purchasing an additional 53,670 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.80% of Southern Missouri Bancorp worth $5,082,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in shares of Southern Missouri Bancorp in the 2nd quarter valued at approximately $210,000. SG Americas Securities LLC bought a new stake in Southern Missouri Bancorp in the third quarter valued at approximately $233,000. Bailard Inc. bought a new position in Southern Missouri Bancorp during the second quarter worth $293,000. Triune Financial Partners LLC bought a new position in Southern Missouri Bancorp in the 3rd quarter valued at about $328,000. Finally, Creative Planning grew its position in shares of Southern Missouri Bancorp by 20.9% in the third quarter. Creative Planning now owns 6,610 shares of the savings and loans company's stock valued at $373,000 after purchasing an additional 1,142 shares during the last quarter. Institutional investors own 49.49% of the company's stock.

Wall Street Analysts Forecast Growth

SMBC has been the subject of several recent research reports. Stephens boosted their price target on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Piper Sandler raised their target price on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Trading Down 1.7 %

Shares of NASDAQ:SMBC traded down $1.07 during midday trading on Friday, hitting $63.50. 8,059 shares of the stock were exchanged, compared to its average volume of 30,534. The business's 50-day moving average price is $62.35 and its 200 day moving average price is $53.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. Southern Missouri Bancorp, Inc. has a 12 month low of $39.00 and a 12 month high of $68.69. The stock has a market capitalization of $716.28 million, a price-to-earnings ratio of 14.84 and a beta of 0.97.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly 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%. Analysts predict that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, November 15th. Southern Missouri Bancorp's payout ratio is presently 21.15%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction dated Thursday, October 31st. The stock was 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 directly owns 48,649 shares of the company's stock, valued at approximately $2,914,075.10. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 16.60% of the company's stock.

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.