Assenagon Asset Management S.A. Has $640,000 Stock Holdings in Southern Missouri Bancorp, Inc. $SMBC

Assenagon Asset Management S.A. lessened its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 48.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,007 shares of the savings and loans company’s stock after selling 9,472 shares during the period. Assenagon Asset Management S.A.’s holdings in Southern Missouri Bancorp were worth $640,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of Southern Missouri Bancorp by 105.7% in the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after purchasing an additional 369 shares in the last quarter. Quarry LP purchased a new stake in Southern Missouri Bancorp during the third quarter worth about $66,000. Raymond James Financial Inc. bought a new stake in shares of Southern Missouri Bancorp in the 2nd quarter worth approximately $93,000. Strs Ohio bought a new stake in shares of Southern Missouri Bancorp in the first quarter valued at $94,000. Finally, Aquatic Capital Management LLC raised its stake in Southern Missouri Bancorp by 140.8% in the 3rd quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock valued at $102,000 after acquiring an additional 1,138 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SMBC. Stephens reiterated an “overweight” rating and issued a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Finally, Piper Sandler reissued a “neutral” rating and issued a $79.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.33.

Southern Missouri Bancorp Trading Down 2.2%

NASDAQ SMBC opened at $76.04 on Friday. Southern Missouri Bancorp, Inc. has a fifty-two week low of $47.60 and a fifty-two week high of $78.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day simple moving average of $70.27 and a two-hundred day simple moving average of $65.51. The stock has a market cap of $837.96 million, a P/E ratio of 12.69 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.05. The firm had revenue of $50.25 million for the quarter, compared to analysts’ expectations of $49.98 million. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%. On average, analysts forecast that Southern Missouri Bancorp, Inc. will post 6.25 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.25 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 1.3%. Southern Missouri Bancorp’s payout ratio is 16.69%.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the completion of the transaction, the executive vice president directly owned 5,375 shares in the company, valued at approximately $374,637.50. This represents a 27.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.81% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.