JPMorgan Chase & Co. Buys 17,895 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

JPMorgan Chase & Co. lifted its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 249.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,080 shares of the savings and loans company’s stock after purchasing an additional 17,895 shares during the quarter. JPMorgan Chase & Co.’s holdings in Southern Missouri Bancorp were worth $1,417,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SMBC. Charles Schwab Investment Management Inc. raised its position in Southern Missouri Bancorp by 147.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock valued at $5,082,000 after purchasing an additional 53,670 shares in the last quarter. Barclays PLC raised its position in Southern Missouri Bancorp by 90.4% during the third quarter. Barclays PLC now owns 25,273 shares of the savings and loans company’s stock valued at $1,427,000 after purchasing an additional 11,996 shares in the last quarter. Janus Henderson Group PLC raised its position in Southern Missouri Bancorp by 42.4% during the third quarter. Janus Henderson Group PLC now owns 8,071 shares of the savings and loans company’s stock valued at $455,000 after purchasing an additional 2,404 shares in the last quarter. Geode Capital Management LLC raised its position in Southern Missouri Bancorp by 1.0% during the third quarter. Geode Capital Management LLC now owns 217,753 shares of the savings and loans company’s stock valued at $12,304,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Southern Missouri Bancorp during the third quarter valued at approximately $600,000. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Stock Performance

NASDAQ SMBC opened at $56.55 on Friday. The company has a market capitalization of $637.88 million, a price-to-earnings ratio of 13.00 and a beta of 0.99. Southern Missouri Bancorp, Inc. has a twelve month low of $39.00 and a twelve month high of $68.69. The stock has a fifty day simple moving average of $60.64 and a 200 day simple moving average of $57.18. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $74.55 million during the quarter, compared to analyst estimates of $42.48 million. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. Sell-side analysts expect that Southern Missouri Bancorp, Inc. will post 4.75 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SMBC. Piper Sandler upped their price target on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stephens upped their price target on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

Insider Buying and Selling at Southern Missouri Bancorp

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

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.