Southern Missouri Bancorp (NASDAQ:SMBC) Sets New 1-Year High – Should You Buy?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $75.00 and last traded at $73.0560, with a volume of 36825 shares changing hands. The stock had previously closed at $71.30.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Piper Sandler restated a “neutral” rating and set a $71.00 price objective (up from $68.00) on shares of Southern Missouri Bancorp in a research report on Monday, April 27th. Keefe, Bruyette & Woods lifted their target price on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Finally, Stephens reiterated an “overweight” rating and set a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Southern Missouri Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.67.

Southern Missouri Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $791.76 million, a PE ratio of 11.99 and a beta of 0.88. The stock has a 50 day moving average of $68.49 and a two-hundred day moving average of $64.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.05. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%.The firm had revenue of $50.25 million during the quarter, compared to analysts’ expectations of $49.98 million. Research analysts expect that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Southern Missouri Bancorp’s dividend payout ratio is 16.69%.

Insider Activity

In related news, EVP Richard Windes sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the completion of the sale, the executive vice president owned 5,375 shares in the company, valued at $374,637.50. This trade represents a 27.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Southern Missouri Bancorp by 124.7% in the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after buying an additional 313 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Southern Missouri Bancorp by 105.7% during the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after acquiring an additional 369 shares during the period. Quarry LP purchased a new stake in shares of Southern Missouri Bancorp during the 3rd quarter worth approximately $66,000. Raymond James Financial Inc. acquired a new stake in shares of Southern Missouri Bancorp in the 2nd quarter worth approximately $93,000. Finally, Strs Ohio purchased a new position in Southern Missouri Bancorp in the 1st quarter valued at approximately $94,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.