Bank of America Corp DE Buys 4,650 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Bank of America Corp DE raised its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 57.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,731 shares of the savings and loans company’s stock after purchasing an additional 4,650 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of Southern Missouri Bancorp worth $730,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Southern Missouri Bancorp during the 4th quarter valued at about $74,000. KLP Kapitalforvaltning AS purchased a new stake in Southern Missouri Bancorp in the fourth quarter worth about $138,000. Price T Rowe Associates Inc. MD bought a new stake in Southern Missouri Bancorp during the 4th quarter valued at approximately $220,000. AlphaQuest LLC purchased a new position in shares of Southern Missouri Bancorp during the 4th quarter worth approximately $273,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Southern Missouri Bancorp by 7.5% during the 4th quarter. MetLife Investment Management LLC now owns 5,577 shares of the savings and loans company’s stock worth $320,000 after acquiring an additional 391 shares during the period. 49.49% of the stock is currently owned by institutional investors.

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 Monday, May 5th. The shares were sold at an average price of $53.23, for a total value of $159,690.00. Following the completion of the transaction, the director now directly owns 42,649 shares of the company’s stock, valued at approximately $2,270,206.27. The trade was a 6.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Southern Missouri Bancorp Trading Up 2.8%

NASDAQ:SMBC opened at $53.13 on Monday. Southern Missouri Bancorp, Inc. has a one year low of $39.90 and a one year high of $68.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50-day simple moving average is $51.76 and its 200 day simple moving average is $56.05. The firm has a market capitalization of $600.37 million, a P/E ratio of 11.60 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Monday, April 21st. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. The firm had revenue of $46.15 million during the quarter, compared to analyst estimates of $45.33 million. Southern Missouri Bancorp had a net margin of 17.72% and a return on equity of 10.45%. As a group, analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, May 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 18.47%.

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.