Victory Capital Management Inc. Reduces Holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Victory Capital Management Inc. reduced its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 3.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,350 shares of the savings and loans company’s stock after selling 650 shares during the period. Victory Capital Management Inc.’s holdings in Southern Missouri Bancorp were worth $1,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its stake in shares of Southern Missouri Bancorp by 94.9% in the third quarter. GSA Capital Partners LLP now owns 19,642 shares of the savings and loans company’s stock worth $1,110,000 after acquiring an additional 9,566 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Southern Missouri Bancorp by 105.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 12,570 shares of the savings and loans company’s stock worth $710,000 after purchasing an additional 6,450 shares during the last quarter. Triune Financial Partners LLC acquired a new position in shares of Southern Missouri Bancorp in the 3rd quarter valued at approximately $328,000. Assenagon Asset Management S.A. raised its position in shares of Southern Missouri Bancorp by 103.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock valued at $2,084,000 after purchasing an additional 18,756 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of 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 valued at $373,000 after buying an additional 1,142 shares during the last quarter. 49.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction 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. The trade was a 5.81 % 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 insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SMBC. Piper Sandler lifted their price target 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 upped their target price 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.

Southern Missouri Bancorp Stock Performance

SMBC stock opened at $65.80 on Wednesday. The stock’s 50 day simple moving average is $59.71 and its 200 day simple moving average is $52.05. Southern Missouri Bancorp, Inc. has a 12-month low of $39.00 and a 12-month high of $68.69. The firm has a market cap of $742.03 million, a P/E ratio of 15.13 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26.

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

Southern Missouri Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.23 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.40%. Southern Missouri Bancorp’s dividend 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.