Southern Missouri Bancorp (NASDAQ:SMBC) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $70.98 and traded as high as $72.31. Southern Missouri Bancorp shares last traded at $72.21, with a volume of 108,291 shares.

Analyst Ratings Changes

Several research firms recently commented on SMBC. Stephens lowered shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a report on Thursday, August 6th. Benchmark upgraded shares of Southern Missouri Bancorp to a “strong-buy” rating in a research note on Wednesday. Piper Sandler reiterated a “neutral” rating and set a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.67.

Southern Missouri Bancorp Trading Up 0.1%

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a market cap of $795.58 million, a price-to-earnings ratio of 11.24 and a beta of 0.85. The business has a 50 day moving average price of $75.06 and a 200-day moving average price of $70.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.52 by $0.31. The business had revenue of $51.76 million for the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. As a group, research analysts expect that Southern Missouri Bancorp, Inc. will post 6.78 EPS for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were paid a dividend of $0.27 per share. This is an increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 14th. Southern Missouri Bancorp’s payout ratio is 16.80%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Southern Missouri Bancorp in the second quarter valued at $335,000. Susquehanna Fundamental Investments LLC purchased a new stake in Southern Missouri Bancorp during the 2nd quarter worth $454,000. Hsbc Holdings PLC increased its stake in Southern Missouri Bancorp by 33.6% during the 2nd quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock worth $1,496,000 after buying an additional 4,924 shares during the period. Empowered Funds LLC acquired a new position in Southern Missouri Bancorp in the 2nd quarter worth $3,512,000. Finally, Bank of America Corp DE acquired a new position in Southern Missouri Bancorp in the 2nd quarter worth $1,629,000. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is the bank holding company for Southern Bank, a community banking institution headquartered in Poplar Bluff, Missouri. Through Southern Bank, the company provides banking and financial services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, mortgage services, and treasury management solutions. Customers also have access to digital banking, online bill pay, mobile banking, and other standard personal and business banking services.

Southern Bank traces its history to 1887 and serves communities primarily in Missouri and neighboring areas, including parts of Arkansas.