Southern Missouri Bancorp (NASDAQ:SMBC) Sees Strong Trading Volume – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) saw an uptick in trading volume on Tuesday . 52,997 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 74,005 shares.The stock last traded at $70.9960 and had previously closed at $69.78.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SMBC. Keefe, Bruyette & Woods lifted their price target on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Stephens reaffirmed an “overweight” rating and issued a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $71.00 price target (up from $68.00) on shares of Southern Missouri Bancorp in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Southern Missouri Bancorp has an average rating of “Moderate Buy” and an average target price of $70.67.

Southern Missouri Bancorp Stock Up 1.4%

The stock has a market capitalization of $781.98 million, a PE ratio of 11.85 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The business’s fifty day moving average price is $67.80 and its two-hundred day moving average price is $63.72.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. The firm had revenue of $50.25 million for the quarter, compared to analyst estimates of $49.98 million. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. On average, equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued 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 1.4%. Southern Missouri Bancorp’s payout ratio is 16.69%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the sale, the executive vice president directly owned 5,375 shares of the company’s stock, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Southern Missouri Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock valued at $296,000 after purchasing an additional 234 shares during the period. Royal Bank of Canada lifted 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 valued at $36,000 after purchasing an additional 313 shares during the period. NewEdge Advisors LLC lifted 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 valued at $42,000 after purchasing an additional 369 shares during the period. Swiss National Bank lifted its position in Southern Missouri Bancorp by 2.2% during the fourth quarter. Swiss National Bank now owns 18,953 shares of the savings and loans company’s stock valued at $1,121,000 after purchasing an additional 400 shares during the period. Finally, Rhumbline Advisers lifted its position in Southern Missouri Bancorp by 3.5% during the second quarter. Rhumbline Advisers now owns 15,136 shares of the savings and loans company’s stock valued at $829,000 after purchasing an additional 518 shares during the period. 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.