Southern Missouri Bancorp (NASDAQ:SMBC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $54.61 and traded as high as $61.68. Southern Missouri Bancorp shares last traded at $61.50, with a volume of 41,292 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler set a $60.50 target price on shares of Southern Missouri Bancorp and gave the company a “neutral” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods raised their price objective on Southern Missouri Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Southern Missouri Bancorp in a report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Southern Missouri Bancorp has an average rating of “Hold” and an average target price of $62.83.

Southern Missouri Bancorp Trading Down 1.1%

The business has a 50 day moving average of $54.23 and a two-hundred day moving average of $54.67. 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 firm has a market cap of $681.18 million, a P/E ratio of 11.06 and a beta of 0.98.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Wednesday, November 10th. The savings and loans company reported $1.40 EPS for the quarter. The firm had revenue of $30.15 million for the quarter. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.57%. Analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

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

Insider Activity

In other news, Director William E. Young sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $53.87, for a total transaction of $80,805.00. Following the completion of the sale, the director owned 93,552 shares in the company, valued at $5,039,646.24. The trade was a 1.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Southern Missouri Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new position in Southern Missouri Bancorp in the 3rd quarter valued at $257,000. PharVision Advisers LLC acquired a new position in shares of Southern Missouri Bancorp in the third quarter valued at about $397,000. Polymer Capital Management US LLC acquired a new position in shares of Southern Missouri Bancorp in the third quarter valued at about $277,000. Quarry LP bought a new position in Southern Missouri Bancorp during the third quarter worth about $66,000. Finally, Qube Research & Technologies Ltd raised its stake in Southern Missouri Bancorp by 65.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 53,695 shares of the savings and loans company’s stock worth $2,822,000 after purchasing an additional 21,224 shares in the last quarter. 49.49% of the stock is owned by institutional investors and hedge funds.

About Southern Missouri Bancorp

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.