JPMorgan Chase & Co. Raises Position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

JPMorgan Chase & Co. lifted its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 243.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,033 shares of the savings and loans company’s stock after acquiring an additional 60,953 shares during the quarter. JPMorgan Chase & Co.’s holdings in Southern Missouri Bancorp were worth $4,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Southern Missouri Bancorp during the fourth quarter worth approximately $74,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Southern Missouri Bancorp in the 4th quarter valued at approximately $138,000. AlphaQuest LLC acquired a new stake in shares of Southern Missouri Bancorp in the 4th quarter valued at $273,000. SG Americas Securities LLC lifted its position in shares of Southern Missouri Bancorp by 21.6% during the 4th quarter. SG Americas Securities LLC now owns 5,026 shares of the savings and loans company’s stock worth $288,000 after purchasing an additional 894 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Southern Missouri Bancorp by 11.8% during the 3rd quarter. Jane Street Group LLC now owns 8,420 shares of the savings and loans company’s stock worth $476,000 after purchasing an additional 889 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Price Performance

Southern Missouri Bancorp stock opened at $49.24 on Friday. Southern Missouri Bancorp, Inc. has a 12 month low of $39.00 and a 12 month high of $68.69. The stock has a market capitalization of $588.86 million, a PE ratio of 10.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50 day simple moving average of $53.59 and a 200-day simple moving average of $57.92.

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

Southern Missouri Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Friday, February 14th. Southern Missouri Bancorp’s dividend payout ratio is currently 20.09%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SMBC shares. Stephens restated an “overweight” rating and issued a $76.00 price target on shares of Southern Missouri Bancorp in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods cut their price target on Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director Douglas Bagby sold 7,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $59.08, for a total value of $413,560.00. Following the sale, the director now directly owns 21,000 shares in the company, valued at $1,240,680. This represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is currently owned by insiders.

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.