Thrivent Financial for Lutherans Acquires New Holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Thrivent Financial for Lutherans bought a new position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,618 shares of the savings and loans company's stock, valued at approximately $600,000. Thrivent Financial for Lutherans owned 0.09% of Southern Missouri Bancorp as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rhumbline Advisers lifted its stake in Southern Missouri Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 14,347 shares of the savings and loans company's stock worth $646,000 after purchasing an additional 263 shares in the last quarter. Empowered Funds LLC raised its holdings in Southern Missouri Bancorp by 4.9% during the third quarter. Empowered Funds LLC now owns 19,899 shares of the savings and loans company's stock worth $1,124,000 after purchasing an additional 938 shares during the last quarter. Creative Planning increased 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 purchasing an additional 1,142 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Southern Missouri Bancorp by 11.1% in the 2nd quarter. Victory Capital Management Inc. now owns 20,000 shares of the savings and loans company's stock valued at $900,000 after buying an additional 2,000 shares during the period. Finally, Raffles Associates LP raised its holdings in Southern Missouri Bancorp by 1.3% in the second quarter. Raffles Associates LP now owns 242,292 shares of the savings and loans company's stock valued at $10,906,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 49.49% of the company's stock.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp 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 transaction, the director now owns 48,649 shares in the company, valued at $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SMBC. Piper Sandler increased 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 objective on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Stock Down 0.2 %

NASDAQ SMBC traded down $0.10 on Thursday, hitting $65.51. 28,032 shares of the company were exchanged, compared to its average volume of 30,784. 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 has a fifty day moving average of $61.12 and a 200-day moving average of $53.12. The company has a market cap of $738.95 million, a PE ratio of 15.08 and a beta of 0.97. Southern Missouri Bancorp, Inc. has a 12 month low of $39.00 and a 12 month high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. The business had revenue of $74.55 million during the quarter, compared to the consensus estimate of $42.48 million. As a group, analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.23 dividend. This represents a $0.92 annualized dividend 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 is currently 21.15%.

Southern Missouri Bancorp Company 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.