Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Shares Purchased by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC boosted its holdings in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 36.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 48,735 shares of the savings and loans company’s stock after buying an additional 12,925 shares during the quarter. Southern Missouri Bancorp makes up about 0.1% of ACR Alpine Capital Research LLC’s holdings, making the stock its 27th biggest holding. ACR Alpine Capital Research LLC’s holdings in Southern Missouri Bancorp were worth $2,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Southern Missouri Bancorp by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 552,438 shares of the savings and loans company’s stock valued at $21,374,000 after purchasing an additional 10,709 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Southern Missouri Bancorp by 4.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 272,500 shares of the savings and loans company’s stock valued at $14,549,000 after buying an additional 12,375 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Southern Missouri Bancorp by 0.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 92,279 shares of the savings and loans company’s stock valued at $3,570,000 after buying an additional 432 shares during the period. Russell Investments Group Ltd. lifted its stake in Southern Missouri Bancorp by 10.4% during the 4th quarter. Russell Investments Group Ltd. now owns 45,300 shares of the savings and loans company’s stock worth $2,419,000 after acquiring an additional 4,284 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Southern Missouri Bancorp by 73.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 21,017 shares of the savings and loans company’s stock worth $919,000 after acquiring an additional 8,906 shares in the last quarter. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $51.00 target price (down from $53.00) on shares of Southern Missouri Bancorp in a research report on Wednesday, May 1st.

Southern Missouri Bancorp Stock Up 3.2 %

Shares of NASDAQ:SMBC traded up $1.44 during trading on Thursday, hitting $46.20. The company’s stock had a trading volume of 75,276 shares, compared to its average volume of 26,370. Southern Missouri Bancorp, Inc. has a fifty-two week low of $37.74 and a fifty-two week high of $55.45. The business has a 50 day moving average price of $42.31 and a two-hundred day moving average price of $43.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $524.37 million, a PE ratio of 10.07 and a beta of 0.97.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Monday, April 29th. The savings and loans company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Southern Missouri Bancorp had a return on equity of 11.44% and a net margin of 19.77%. The firm had revenue of $40.09 million during the quarter, compared to analyst estimates of $40.01 million. As a group, research analysts expect that Southern Missouri Bancorp, Inc. will post 4.15 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, May 14th. Southern Missouri Bancorp’s dividend payout ratio is presently 18.30%.

Insider Buying and Selling

In related news, Director William E. Young sold 15,000 shares of Southern Missouri Bancorp stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $41.76, for a total value of $626,400.00. Following the completion of the transaction, the director now owns 224,417 shares in the company, valued at $9,371,653.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 17.41% 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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.