Franklin Resources Inc. Has $6.11 Million Holdings in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

Franklin Resources Inc. grew its position in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 48.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,175 shares of the savings and loans company’s stock after purchasing an additional 33,902 shares during the quarter. Franklin Resources Inc.’s holdings in Southern Missouri Bancorp were worth $6,105,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC acquired a new position in Southern Missouri Bancorp in the 3rd quarter valued at $3,690,000. Charles Schwab Investment Management Inc. boosted its position in shares of Southern Missouri Bancorp by 147.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock valued at $5,082,000 after acquiring an additional 53,670 shares during the period. American Century Companies Inc. grew its stake in shares of Southern Missouri Bancorp by 23.2% in the second quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock valued at $6,545,000 after acquiring an additional 27,388 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Southern Missouri Bancorp by 103.4% during the third quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock worth $2,084,000 after acquiring an additional 18,756 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Southern Missouri Bancorp by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock worth $15,947,000 after purchasing an additional 16,085 shares in the last quarter. Institutional investors own 49.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Piper Sandler raised their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stephens raised their price objective 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.

Insiders Place Their Bets

In related news, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp 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 sale, the director now directly owns 48,649 shares of the company’s stock, valued at approximately $2,914,075.10. The trade was a 5.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.60% of the company’s stock.

Southern Missouri Bancorp Stock Performance

Shares of Southern Missouri Bancorp stock opened at $58.53 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The company has a market cap of $660.04 million, a PE ratio of 13.46 and a beta of 0.97. The company has a 50 day moving average of $62.95 and a 200-day moving average of $54.89. 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 released its 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). Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. The business had revenue of $74.55 million for the quarter, compared to the consensus estimate of $42.48 million. As a group, equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio is presently 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.