Invesco Ltd. Sells 1,295 Shares of Southern Missouri Bancorp, Inc. $SMBC

Invesco Ltd. cut its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,119 shares of the savings and loans company’s stock after selling 1,295 shares during the quarter. Invesco Ltd. owned about 0.13% of Southern Missouri Bancorp worth $786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SMBC. Dimensional Fund Advisors LP boosted its position in shares of Southern Missouri Bancorp by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 397,765 shares of the savings and loans company’s stock valued at $22,820,000 after buying an additional 18,623 shares during the last quarter. MetLife Investment Management LLC boosted its position in Southern Missouri Bancorp by 7.5% in the fourth quarter. MetLife Investment Management LLC now owns 5,577 shares of the savings and loans company’s stock worth $320,000 after purchasing an additional 391 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Southern Missouri Bancorp in the fourth quarter worth about $220,000. Northern Trust Corp boosted its position in Southern Missouri Bancorp by 5.0% in the fourth quarter. Northern Trust Corp now owns 98,595 shares of the savings and loans company’s stock worth $5,656,000 after purchasing an additional 4,722 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Southern Missouri Bancorp by 57.5% in the fourth quarter. Bank of America Corp DE now owns 12,731 shares of the savings and loans company’s stock worth $730,000 after purchasing an additional 4,650 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Stock Down 0.1%

NASDAQ SMBC opened at $57.01 on Thursday. The stock’s 50-day moving average price is $55.82 and its 200-day moving average price is $54.03. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. Southern Missouri Bancorp, Inc. has a 52 week low of $45.10 and a 52 week high of $68.69. The company has a market capitalization of $644.21 million, a P/E ratio of 11.01 and a beta of 1.03.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. The company had revenue of $47.61 million for the quarter, compared to the consensus estimate of $46.60 million. Southern Missouri Bancorp had a return on equity of 11.35% and a net margin of 19.17%. On average, equities research analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.25 per share. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.8%. Southern Missouri Bancorp’s dividend payout ratio is 19.31%.

Insider Transactions at Southern Missouri Bancorp

In related news, Director William E. Young sold 10,000 shares of Southern Missouri Bancorp stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $56.30, for a total transaction of $563,000.00. Following the sale, the director owned 94,987 shares of the company’s stock, valued at approximately $5,347,768.10. This trade represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Piper Sandler assumed coverage on Southern Missouri Bancorp in a research report on Thursday, August 28th. They issued a “neutral” rating and a $66.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Southern Missouri Bancorp from $60.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.67.

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.