Franklin Resources Inc. Has $6.29 Million Stock Position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Franklin Resources Inc. increased its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,664 shares of the savings and loans company's stock after acquiring an additional 5,489 shares during the quarter. Franklin Resources Inc. owned about 0.97% of Southern Missouri Bancorp worth $6,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Forvis Mazars Wealth Advisors LLC lifted its stake in shares of Southern Missouri Bancorp by 1.0% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 19,909 shares of the savings and loans company's stock worth $1,142,000 after acquiring an additional 200 shares during the period. Los Angeles Capital Management LLC increased its holdings in Southern Missouri Bancorp by 6.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 13,350 shares of the savings and loans company's stock worth $766,000 after purchasing an additional 780 shares in the last quarter. Jane Street Group LLC increased its holdings in Southern Missouri Bancorp by 11.8% in the third 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 in the last quarter. SG Americas Securities LLC increased its holdings in Southern Missouri Bancorp by 21.6% in the fourth 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Southern Missouri Bancorp by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 45,918 shares of the savings and loans company's stock worth $2,634,000 after purchasing an additional 915 shares in the last quarter. 49.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Southern Missouri Bancorp from $70.00 to $68.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. Stephens reiterated an "overweight" rating and issued a $76.00 target price on shares of Southern Missouri Bancorp in a report on Tuesday, January 28th.

View Our Latest Research Report on SMBC

Insider Activity

In related 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 transaction of $413,560.00. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 16.60% of the company's stock.

Southern Missouri Bancorp Trading Up 4.7 %

NASDAQ SMBC opened at $49.82 on Thursday. The company has a market cap of $595.80 million, a price-to-earnings ratio of 10.88 and a beta of 0.88. Southern Missouri Bancorp, Inc. has a 52 week low of $39.00 and a 52 week high of $68.69. The business has a 50 day moving average price of $55.18 and a 200-day moving average price of $58.26. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The savings and loans company reported $1.30 EPS for the quarter, beating 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%. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.85%. Southern Missouri Bancorp's dividend payout ratio is 20.09%.

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.

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