Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 12-Month High – What’s Next?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares hit a new 52-week high during trading on Friday . The stock traded as high as $75.94 and last traded at $75.3430, with a volume of 3595 shares changing hands. The stock had previously closed at $74.76.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and set a $79.00 target price on shares of Southern Missouri Bancorp in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Keefe, Bruyette & Woods increased their price objective on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Finally, Stephens reiterated an “overweight” rating and issued a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Southern Missouri Bancorp has an average rating of “Moderate Buy” and a consensus price target of $73.33.

Southern Missouri Bancorp Price Performance

The company has a 50-day moving average of $69.28 and a 200 day moving average of $64.93. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $829.95 million, a PE ratio of 12.61 and a beta of 0.88.

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. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%.The company had revenue of $50.25 million for the quarter, compared to analyst estimates of $49.98 million. Sell-side analysts predict that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. Southern Missouri Bancorp’s dividend payout ratio is 16.69%.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the transaction, the executive vice president directly owned 5,375 shares in the company, valued at approximately $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.81% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds have recently bought and sold shares of SMBC. Royal Bank of Canada boosted its holdings in shares of Southern Missouri Bancorp by 124.7% during the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after purchasing an additional 313 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Southern Missouri Bancorp by 105.7% in 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 last quarter. Quarry LP acquired a new stake in shares of Southern Missouri Bancorp in the third quarter valued at approximately $66,000. Raymond James Financial Inc. purchased a new position in Southern Missouri Bancorp during the second quarter worth approximately $93,000. Finally, Strs Ohio purchased a new position in Southern Missouri Bancorp during the first quarter worth approximately $94,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

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.