Nuveen Asset Management LLC Reduces Stock Holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Nuveen Asset Management LLC cut its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 15.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 23,120 shares of the savings and loans company’s stock after selling 4,260 shares during the period. Nuveen Asset Management LLC owned approximately 0.20% of Southern Missouri Bancorp worth $1,326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Southern Missouri Bancorp during the 4th quarter worth approximately $74,000. KLP Kapitalforvaltning AS acquired a new position in Southern Missouri Bancorp during the 4th quarter worth approximately $138,000. Lazard Asset Management LLC lifted its position in Southern Missouri Bancorp by 147.5% during the 4th quarter. Lazard Asset Management LLC now owns 3,542 shares of the savings and loans company’s stock worth $202,000 after acquiring an additional 2,111 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Southern Missouri Bancorp during the 4th quarter worth approximately $220,000. Finally, AlphaQuest LLC acquired a new position in Southern Missouri Bancorp during the 4th quarter worth approximately $273,000. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Price Performance

SMBC stock opened at $52.54 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Southern Missouri Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $68.69. The stock’s 50 day moving average is $51.76 and its two-hundred day moving average is $56.38. The company has a market capitalization of $593.70 million, a PE ratio of 11.47 and a beta of 1.00.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Monday, April 21st. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. Southern Missouri Bancorp had a return on equity of 10.45% and a net margin of 17.72%. The company had revenue of $46.15 million for the quarter, compared to the consensus estimate of $45.33 million. Analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.92 annualized dividend and a yield of 1.75%. Southern Missouri Bancorp’s dividend payout ratio is presently 18.47%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $53.23, for a total transaction of $159,690.00. Following the sale, the director now directly owns 42,649 shares in the company, valued at $2,270,206.27. The trade was a 6.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Stephens reissued an “overweight” rating and set a $65.00 price target on shares of Southern Missouri Bancorp in a research report on Tuesday, April 22nd.

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.