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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.35 and last traded at $69.6660, with a volume of 9641 shares trading hands. The stock had previously closed at $68.99.

Analyst Ratings Changes

Several brokerages have issued reports on SMBC. Piper Sandler restated a “neutral” rating and issued a $71.00 target price (up from $68.00) on shares of Southern Missouri Bancorp in a report on Monday, April 27th. Weiss Ratings upgraded Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Stephens restated an “overweight” rating and issued a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods upped their target price on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.67.

Southern Missouri Bancorp Trading Up 0.0%

The firm has a market cap of $762.69 million, a price-to-earnings ratio of 11.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average price of $66.58 and a 200 day moving average price of $62.75.

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

Southern Missouri Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Southern Missouri Bancorp’s dividend payout ratio is currently 16.69%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $68.47, for a total transaction of $136,940.00. Following the transaction, the executive vice president directly owned 5,375 shares in the company, valued at $368,026.25. This represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Love sold 580 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total value of $37,120.00. Following the transaction, the director owned 15,220 shares in the company, valued at $974,080. This trade represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several hedge funds have recently bought and sold shares of SMBC. Dimensional Fund Advisors LP grew its position in Southern Missouri Bancorp by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock valued at $28,187,000 after acquiring an additional 11,946 shares in the last quarter. FJ Capital Management LLC grew its position in Southern Missouri Bancorp by 6.4% in the 3rd quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock valued at $15,818,000 after acquiring an additional 18,002 shares in the last quarter. Clayton Financial Group LLC acquired a new position in Southern Missouri Bancorp in the 4th quarter valued at about $16,579,000. State Street Corp grew its position in Southern Missouri Bancorp by 29.2% in the 4th quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock valued at $16,312,000 after acquiring an additional 62,355 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Southern Missouri Bancorp by 10.3% in the 3rd quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock valued at $14,476,000 after acquiring an additional 25,751 shares in the last quarter. 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.