Raffles Associates LP Reduces Holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Raffles Associates LP lessened its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 3.8% in the third quarter, HoldingsChannel.com reports. The fund owned 233,047 shares of the savings and loans company’s stock after selling 9,245 shares during the period. Southern Missouri Bancorp comprises about 13.5% of Raffles Associates LP’s portfolio, making the stock its biggest holding. Raffles Associates LP’s holdings in Southern Missouri Bancorp were worth $13,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Southern Missouri Bancorp in the 3rd quarter valued at $233,000. XTX Topco Ltd acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter worth about $210,000. BNP Paribas Financial Markets boosted its holdings in shares of Southern Missouri Bancorp by 139.5% during the 3rd 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 during the period. Triune Financial Partners LLC acquired a new position in Southern Missouri Bancorp in the 3rd quarter valued at about $328,000. Finally, Bailard Inc. bought a new position in Southern Missouri Bancorp in the 2nd quarter valued at about $293,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SMBC shares. Piper Sandler boosted their price objective on 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 objective on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Stock Performance

Shares of NASDAQ:SMBC opened at $65.65 on Friday. The company’s 50 day moving average price is $60.30 and its two-hundred day moving average price is $52.41. Southern Missouri Bancorp, Inc. has a 12-month low of $39.00 and a 12-month high of $68.69. The firm has a market cap of $740.34 million, a PE ratio of 15.09 and a beta of 0.95. 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 issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). The company had revenue of $74.55 million during the quarter, compared to the consensus estimate of $42.48 million. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. Equities research analysts predict that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is currently 21.15%.

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.