Southern Missouri Bancorp (NASDAQ:SMBC) Share Price Passes Above 200-Day Moving Average – What’s Next?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $70.59 and traded as high as $73.74. Southern Missouri Bancorp shares last traded at $72.52, with a volume of 81,891 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SMBC shares. Raymond James Financial began coverage on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. They issued a “market perform” rating for the company. Piper Sandler restated a “neutral” rating and issued a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Stephens downgraded shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Thursday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods boosted their price target on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.67.

Southern Missouri Bancorp Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $75.55 and a 200-day simple moving average of $70.66. The company has a market cap of $796.58 million, a price-to-earnings ratio of 11.24 and a beta of 0.85.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly 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 during the quarter, compared to analysts’ expectations 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 predict that Southern Missouri Bancorp, Inc. will post 6.78 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

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

Institutional Investors Weigh In On Southern Missouri Bancorp

Several institutional investors have recently modified their holdings of the company. Allworth Financial LP purchased a new position in Southern Missouri Bancorp in the 2nd quarter valued at approximately $26,000. Royal Bank of Canada increased its position in Southern Missouri Bancorp by 124.7% during the first 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 in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Southern Missouri Bancorp during the second quarter worth $335,000. Odyssean LLC acquired a new position in shares of Southern Missouri Bancorp in the second quarter worth $410,000. Finally, Inceptionr LLC purchased a new stake in shares of Southern Missouri Bancorp in the first quarter valued at $346,000. Hedge funds and other institutional investors own 49.49% of the company’s stock.

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.