Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 1-Year High – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.34 and last traded at $63.29, with a volume of 7398 shares traded. The stock had previously closed at $62.51.

Analyst Upgrades and Downgrades

Several analysts have commented on SMBC shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Southern Missouri Bancorp in a research report on Monday. Piper Sandler set a $60.50 price target on shares of Southern Missouri Bancorp and gave the stock a “neutral” rating in a report on Monday, October 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Southern Missouri Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.83.

Southern Missouri Bancorp Trading Up 0.9%

The firm has a fifty day simple moving average of $54.80 and a two-hundred day simple moving average of $54.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock has a market cap of $706.10 million, a PE ratio of 11.55 and a beta of 0.98.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, November 10th. The savings and loans company reported $1.40 earnings per share (EPS) for the quarter. The company had revenue of $30.15 million during the quarter. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.57%. As a group, equities analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.25 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Southern Missouri Bancorp’s payout ratio is currently 18.32%.

Insider Activity at Southern Missouri Bancorp

In other news, Director William E. Young sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $53.87, for a total transaction of $80,805.00. Following the completion of the transaction, the director directly owned 93,552 shares of the company’s stock, valued at approximately $5,039,646.24. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.81% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Large investors have recently added to or reduced their stakes in the stock. Voleon Capital Management LP bought a new position in shares of Southern Missouri Bancorp in the 1st quarter worth approximately $255,000. Dynamic Technology Lab Private Ltd purchased a new position in Southern Missouri Bancorp during the first quarter valued at $517,000. Creative Planning boosted its holdings in shares of Southern Missouri Bancorp by 78.4% during the 2nd quarter. Creative Planning now owns 19,891 shares of the savings and loans company’s stock valued at $1,090,000 after buying an additional 8,740 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Southern Missouri Bancorp by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 230,664 shares of the savings and loans company’s stock worth $12,638,000 after buying an additional 10,802 shares during the period. Finally, AlphaQuest LLC lifted its position in Southern Missouri Bancorp by 840,200.0% during the 2nd quarter. AlphaQuest LLC now owns 8,403 shares of the savings and loans company’s stock valued at $460,000 after acquiring an additional 8,402 shares during the period. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.