Assenagon Asset Management S.A. Sells 21,964 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Assenagon Asset Management S.A. lowered its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 59.5% during the 4th quarter, HoldingsChannel reports. The fund owned 14,925 shares of the savings and loans company’s stock after selling 21,964 shares during the period. Assenagon Asset Management S.A.’s holdings in Southern Missouri Bancorp were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of Southern Missouri Bancorp in the second quarter worth about $210,000. SG Americas Securities LLC bought a new position in shares of Southern Missouri Bancorp in the third quarter worth $233,000. BNP Paribas Financial Markets grew its position in Southern Missouri Bancorp by 139.5% during the third quarter. BNP Paribas Financial Markets now owns 4,673 shares of the savings and loans company’s stock worth $264,000 after buying an additional 2,722 shares in the last quarter. Zacks Investment Management bought a new position in Southern Missouri Bancorp in the third quarter valued at $273,000. Finally, Triune Financial Partners LLC bought a new position in shares of Southern Missouri Bancorp during the 3rd quarter valued at about $328,000. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Stock Performance

Shares of SMBC opened at $57.21 on Friday. Southern Missouri Bancorp, Inc. has a one year low of $39.00 and a one year high of $68.69. The company has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $57.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $645.16 million, a PE ratio of 13.15 and a beta of 0.99.

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 for the quarter, missing the consensus estimate of $1.11 by ($0.01). The firm had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. On average, analysts anticipate that Southern Missouri Bancorp, Inc. will post 4.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMBC. Piper Sandler raised their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens raised their target price on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Insider Transactions 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 dated Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the sale, the director now owns 48,649 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.60% of the company’s stock.

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.