Fmr LLC Reduces Position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

FMR LLC reduced its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 788,859 shares of the savings and loans company's stock after selling 65,804 shares during the period. FMR LLC owned about 6.99% of Southern Missouri Bancorp worth $44,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SMBC. 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 acquired a new stake in shares of Southern Missouri Bancorp in the 3rd quarter valued at approximately $233,000. Bailard Inc. acquired a new stake in shares of Southern Missouri Bancorp in the 2nd quarter valued at approximately $293,000. Triune Financial Partners LLC acquired a new stake in shares of Southern Missouri Bancorp in the 3rd quarter valued at approximately $328,000. Finally, Creative Planning boosted its position in Southern Missouri Bancorp by 20.9% during the 3rd quarter. Creative Planning now owns 6,610 shares of the savings and loans company's stock worth $373,000 after buying an additional 1,142 shares during the period. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Stock Up 0.3 %

SMBC stock traded up $0.22 during midday trading on Friday, reaching $65.73. 30,580 shares of the company's stock traded hands, compared to its average volume of 28,537. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The company has a market cap of $741.24 million, a price-to-earnings ratio of 15.11 and a beta of 0.97. The firm's fifty day moving average price is $61.57 and its 200-day moving average price is $53.44. Southern Missouri Bancorp, Inc. has a 52 week low of $39.00 and a 52 week high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted 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). The firm had revenue of $74.55 million for the quarter, compared to analysts' expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. As a group, sell-side analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, November 15th. Southern Missouri Bancorp's dividend payout ratio (DPR) is currently 21.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SMBC shares. Piper Sandler lifted 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, October 30th. Stephens lifted their price objective on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the transaction, the director now directly owns 48,649 shares of the company's stock, valued at approximately $2,914,075.10. The trade was a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.60% of the stock is owned by insiders.

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.