Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 52-Week High – Time to Buy?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $78.48 and last traded at $78.0210, with a volume of 40897 shares traded. The stock had previously closed at $75.90.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SMBC shares. Piper Sandler reissued a “neutral” rating and issued a $79.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Wall Street Zen lowered shares of Southern Missouri Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Stephens reaffirmed an “overweight” rating and set a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research note on Friday, April 24th. Finally, Keefe, Bruyette & Woods increased their price target on Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Southern Missouri Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $73.33.

Southern Missouri Bancorp Stock Up 2.8%

The company’s 50 day moving average is $71.58 and its 200 day moving average is $66.37. The company has a market cap of $860.00 million, a PE ratio of 13.03 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22.

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

Southern Missouri Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given 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 1.3%. Southern Missouri Bancorp’s dividend payout ratio is presently 16.69%.

Insider Transactions at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the sale, the executive vice president owned 5,375 shares of the company’s stock, 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 through this link. Company insiders own 15.81% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Southern Missouri Bancorp by 124.7% in the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after buying an additional 313 shares during the period. NewEdge Advisors LLC boosted its position in Southern Missouri Bancorp by 105.7% during the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock worth $42,000 after purchasing an additional 369 shares in the last quarter. Quarry LP acquired a new stake in Southern Missouri Bancorp in the 3rd quarter valued at $66,000. Raymond James Financial Inc. purchased a new stake in shares of Southern Missouri Bancorp during the second quarter worth about $93,000. Finally, Strs Ohio acquired a new position in shares of Southern Missouri Bancorp during the first 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.