The Manufacturers Life Insurance Company Trims Position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

The Manufacturers Life Insurance Company decreased its position in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 258,104 shares of the savings and loans company’s stock after selling 6,996 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Southern Missouri Bancorp were worth $14,580,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SMBC. Vanguard Group Inc. boosted its holdings in Southern Missouri Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock valued at $25,300,000 after purchasing an additional 3,821 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Southern Missouri Bancorp by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock valued at $15,947,000 after acquiring an additional 16,085 shares during the last quarter. Raffles Associates LP grew its position in Southern Missouri Bancorp by 1.3% in the second quarter. Raffles Associates LP now owns 242,292 shares of the savings and loans company’s stock worth $10,906,000 after acquiring an additional 3,000 shares during the period. American Century Companies Inc. increased its stake in Southern Missouri Bancorp by 23.2% during the second quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock worth $6,545,000 after acquiring an additional 27,388 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Southern Missouri Bancorp by 8.2% in the second quarter. Renaissance Technologies LLC now owns 107,734 shares of the savings and loans company’s stock valued at $4,849,000 after purchasing an additional 8,200 shares during the period. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SMBC shares. Piper Sandler increased their price target on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stephens lifted their price target on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In other news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the transaction, the director now owns 48,649 shares in the company, valued at approximately $2,914,075.10. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.60% of the company’s stock.

Southern Missouri Bancorp Trading Down 0.8 %

Shares of NASDAQ SMBC opened at $65.65 on Monday. The stock has a fifty day simple moving average of $60.50 and a 200-day simple moving average of $52.65. Southern Missouri Bancorp, Inc. has a twelve month low of $39.00 and a twelve month high of $68.69. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $740.53 million, a PE ratio of 15.09 and a beta of 0.95.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. The business had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. On average, equities analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.23 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.92 annualized dividend and a yield of 1.40%. Southern Missouri Bancorp’s dividend payout ratio is presently 21.15%.

Southern Missouri Bancorp 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.