Southern Missouri Bancorp, Inc. (SMBC) is Raffles Associates LP’s 2nd Largest Position

Raffles Associates LP maintained its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,958 shares of the savings and loans company’s stock at the end of the 2nd quarter. Southern Missouri Bancorp comprises 8.2% of Raffles Associates LP’s investment portfolio, making the stock its 2nd largest position. Raffles Associates LP owned 3.64% of Southern Missouri Bancorp worth $8,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. grew its stake in shares of Southern Missouri Bancorp by 31.7% in the second quarter. Citigroup Inc. now owns 4,464 shares of the savings and loans company’s stock worth $144,000 after acquiring an additional 1,074 shares during the period. New York State Common Retirement Fund grew its stake in shares of Southern Missouri Bancorp by 63.8% in the second quarter. New York State Common Retirement Fund now owns 5,900 shares of the savings and loans company’s stock worth $190,000 after acquiring an additional 2,299 shares during the period. Rhumbline Advisers bought a new stake in shares of Southern Missouri Bancorp in the second quarter worth approximately $201,000. Wells Fargo & Company MN grew its stake in shares of Southern Missouri Bancorp by 49.6% in the second quarter. Wells Fargo & Company MN now owns 8,254 shares of the savings and loans company’s stock worth $266,000 after acquiring an additional 2,738 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Southern Missouri Bancorp by 4.4% in the second quarter. Bessemer Group Inc. now owns 9,500 shares of the savings and loans company’s stock worth $306,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 47.31% of the company’s stock.

Separately, BidaskClub lowered shares of Southern Missouri Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $16.43 million during the quarter. Southern Missouri Bancorp had a net margin of 21.43% and a return on equity of 10.99%.

In related news, Director Douglas Bagby sold 9,402 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $31.67, for a total value of $297,761.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark E. Hecker purchased 8,405 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $32.99 per share, for a total transaction of $277,280.95. Following the acquisition, the executive vice president now owns 1,660 shares in the company, valued at approximately $54,763.40. The disclosure for this purchase can be found here. Company insiders own 17.86% of the company’s stock.

WARNING: “Southern Missouri Bancorp, Inc. (SMBC) is Raffles Associates LP’s 2nd Largest Position” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.com-unik.info/2017/10/13/southern-missouri-bancorp-inc-smbc-is-raffles-associates-lps-2nd-largest-position.html.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc is the holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of attracting retail deposits from the public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines (FHLB), and brokered deposits.

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Institutional Ownership by Quarter for Southern Missouri Bancorp (NASDAQ:SMBC)

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