Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Short Interest Down 28.5% in November

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC – Get Rating) saw a sharp drop in short interest for the month of November. As of November 30th, there was short interest totaling 61,600 shares, down 28.5% from the November 15th total of 86,100 shares. About 0.8% of the company’s shares are sold short. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is currently 2.1 days.

Institutional inflows and outflows

A number of institutional investors and hedge funds have recently added to or reduced their holdings in SMBC. Cornercap Investment Counsel Inc. increased its holding in Southern Missouri Bancorp by 3.1% during the first quarter. Cornercap Investment Counsel Inc. now owns 10,913 shares of the $545,000 savings and loan company after purchasing an additional 332 shares last quarter. Bank of New York Mellon Corp increased its stake in Southern Missouri Bancorp by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 55,629 shares of the savings and loan company, valued at $2,778,000, after buying another 1,082 shares last quarter. American Century Companies Inc. increased its stake in Southern Missouri Bancorp by 28.5% during the first quarter. American Century Companies Inc. now owns 31,368 shares of the savings and loan company worth $1,567,000 after purchasing an additional 6,964 shares last quarter. Bank of Montreal Can acquired a new stake in Southern Missouri Bancorp stock valued at approximately $208,000 during the first quarter. Finally, Acadian Asset Management LLC increased its stake in Southern Missouri Bancorp by 30.5% during the first quarter. Acadian Asset Management LLC now owns 40,282 shares of the savings and loan company worth $2,010,000 after purchasing an additional 9,406 shares last quarter. Hedge funds and other institutional investors own 50.96% of the company’s shares.

Southern Missouri Bancorp stock performance

NASDAQ SMBC traded around $1.48 on Wednesday and hit $47.50. 34,843 shares of the company were traded, compared to an average volume of 25,624. The company has a market cap of $438.38 million, a price-to-earnings ratio of 10.16 and a beta of 0.88. The stock has a 50-day moving average price of $51.37 and a 200-day moving average price of $50.25. Southern Missouri Bancorp has a 52-week low of $41.79 and a 52-week high of $58.50. The company has a gearing ratio of 0.76, a quick ratio of 1.05 and a current ratio of 1.05.

Southern Missouri Bancorp announces dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Registered investors received a dividend of $0.21 per share on Tuesday, November 15. The ex-dividend date of this dividend was Monday November 14th. That equates to an annual dividend of $0.84 and a yield of 1.77%. Southern Missouri Bancorp’s dividend payout ratio is currently 17.39%.

Analyst upgrades and downgrades

Separately, StockNews.com began coverage on shares of Southern Missouri Bancorp in a research report on Wednesday, October 12th. They gave the stock a “hold” rating.

Southern Missouri Bancorp Company Profile

(received rating)

Southern Missouri Bancorp, Inc functions as the bank holding company of Southern Bank, which provides banking and financial services to individual and corporate customers throughout the United States. The Company offers commercial banking, corporate finance and business services. It also offers personal banking services, including online and mobile banking, checking and savings, mortgages and refinance, and loan and credit services.

Further reading

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