Bailard Inc. Acquires Shares of 6,512 Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Bailard Inc. purchased a new stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,512 shares of the savings and loans company’s stock, valued at approximately $293,000. Bailard Inc. owned about 0.06% of Southern Missouri Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Southern Missouri Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock worth $25,300,000 after purchasing an additional 3,821 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Southern Missouri Bancorp by 4.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 272,500 shares of the savings and loans company’s stock valued at $14,549,000 after acquiring an additional 12,375 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Southern Missouri Bancorp by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 52,423 shares of the savings and loans company’s stock valued at $2,360,000 after acquiring an additional 3,282 shares during the last quarter. ACR Alpine Capital Research LLC lifted its holdings in shares of Southern Missouri Bancorp by 36.1% during the first quarter. ACR Alpine Capital Research LLC now owns 48,735 shares of the savings and loans company’s stock worth $2,130,000 after purchasing an additional 12,925 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Southern Missouri Bancorp by 10.4% in the fourth quarter. Russell Investments Group Ltd. now owns 45,300 shares of the savings and loans company’s stock worth $2,419,000 after purchasing an additional 4,284 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Trading Down 0.9 %

SMBC opened at $57.54 on Tuesday. The stock has a market cap of $653.37 million, a PE ratio of 12.54 and a beta of 0.97. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. Southern Missouri Bancorp, Inc. has a twelve month low of $37.74 and a twelve month high of $59.67. The company has a fifty day moving average of $48.79 and a 200-day moving average of $44.45.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results on Monday, July 29th. The savings and loans company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.26. The firm had revenue of $42.86 million during the quarter, compared to the consensus estimate of $40.18 million. Southern Missouri Bancorp had a return on equity of 10.73% and a net margin of 18.37%. On average, sell-side analysts predict that Southern Missouri Bancorp, Inc. will post 4.7 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.23 dividend. This is an increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Thursday, August 15th. Southern Missouri Bancorp’s payout ratio is presently 20.04%.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, Director William E. Young sold 15,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $41.76, for a total transaction of $626,400.00. Following the transaction, the director now directly owns 224,417 shares of the company’s stock, valued at $9,371,653.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director William E. Young sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $41.76, for a total transaction of $626,400.00. Following the transaction, the director now directly owns 224,417 shares of the company’s stock, valued at approximately $9,371,653.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William E. Young sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $52.37, for a total value of $26,185.00. Following the completion of the sale, the director now directly owns 223,917 shares of the company’s stock, valued at approximately $11,726,533.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,500 shares of company stock valued at $900,435. 17.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SMBC has been the subject of several analyst reports. Stephens began coverage on Southern Missouri Bancorp in a research report on Tuesday, August 13th. They set an “overweight” rating and a $60.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $51.00 price objective (down from $53.00) on shares of Southern Missouri Bancorp in a research note on Wednesday, May 1st.

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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.