Corebridge Financial Inc. Sells 357 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Corebridge Financial Inc. lowered its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,724 shares of the savings and loans company’s stock after selling 357 shares during the period. Corebridge Financial Inc.’s holdings in Southern Missouri Bancorp were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SMBC. Charles Schwab Investment Management Inc. raised its holdings in Southern Missouri Bancorp by 147.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock worth $5,082,000 after purchasing an additional 53,670 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Southern Missouri Bancorp by 139.5% in the third quarter. BNP Paribas Financial Markets now owns 4,673 shares of the savings and loans company’s stock worth $264,000 after purchasing an additional 2,722 shares during the period. Janus Henderson Group PLC increased its stake in shares of Southern Missouri Bancorp by 42.4% in the third quarter. Janus Henderson Group PLC now owns 8,071 shares of the savings and loans company’s stock worth $455,000 after purchasing an additional 2,404 shares in the last quarter. State Street Corp raised its position in shares of Southern Missouri Bancorp by 3.2% during the 3rd quarter. State Street Corp now owns 198,201 shares of the savings and loans company’s stock valued at $11,196,000 after purchasing an additional 6,135 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Southern Missouri Bancorp by 11.8% in the 3rd quarter. Jane Street Group LLC now owns 8,420 shares of the savings and loans company’s stock worth $476,000 after buying an additional 889 shares during the period. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Douglas Bagby sold 7,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $59.08, for a total value of $413,560.00. Following the transaction, the director now directly owns 21,000 shares in the company, valued at approximately $1,240,680. This represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.60% of the company’s stock.

Analyst Upgrades and Downgrades

SMBC has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their target price on Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. Stephens reiterated an “overweight” rating and issued a $76.00 price target on shares of Southern Missouri Bancorp in a report on Tuesday, January 28th.

Southern Missouri Bancorp Stock Up 0.1 %

Shares of SMBC opened at $47.36 on Friday. The stock has a market capitalization of $566.38 million, a price-to-earnings ratio of 10.34 and a beta of 0.88. The business’s 50 day simple moving average is $54.73 and its 200-day simple moving average is $58.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.97. Southern Missouri Bancorp, Inc. has a 1 year low of $39.00 and a 1 year high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.45% and a net margin of 17.72%. As a group, equities analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, February 14th. Southern Missouri Bancorp’s dividend payout ratio is currently 20.09%.

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.