Southern Missouri Bancorp (NASDAQ:SMBC) Hits New 1-Year High – What’s Next?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBCGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $78.48 and last traded at $78.0210, with a volume of 40897 shares. The stock had previously closed at $75.90.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SMBC. Stephens reissued an “overweight” rating and set a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Keefe, Bruyette & Woods lifted their price objective 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 reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Piper Sandler reiterated a “neutral” rating and set a $79.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Finally, Wall Street Zen cut shares of Southern Missouri Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.33.

Check Out Our Latest Stock Report on SMBC

Southern Missouri Bancorp Price Performance

The company has a fifty day moving average price of $71.92 and a 200 day moving average price of $66.57. The company has a market capitalization of $853.39 million, a P/E ratio of 12.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBCGet Free Report) last released its earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.55 by $0.05. The firm had revenue of $50.25 million during the quarter, compared to analysts’ expectations of $49.98 million. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. On average, sell-side 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 given 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 1.3%. Southern Missouri Bancorp’s dividend payout ratio is currently 16.69%.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the completion of the sale, the executive vice president owned 5,375 shares in the company, valued at approximately $374,637.50. This trade represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Southern Missouri Bancorp by 18.2% in the 1st quarter. Bank of America Corp DE now owns 25,786 shares of the savings and loans company’s stock worth $1,649,000 after acquiring an additional 3,974 shares during the period. Royal Bank of Canada increased its position in shares of 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. Empowered Funds LLC raised its stake in shares of Southern Missouri Bancorp by 3.3% in the first quarter. Empowered Funds LLC now owns 46,088 shares of the savings and loans company’s stock valued at $2,947,000 after purchasing an additional 1,492 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Southern Missouri Bancorp by 57.8% in the first quarter. Quantinno Capital Management LP now owns 12,326 shares of the savings and loans company’s stock valued at $788,000 after purchasing an additional 4,517 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Southern Missouri Bancorp by 9.2% in the first quarter. Lazard Asset Management LLC now owns 41,560 shares of the savings and loans company’s stock valued at $2,657,000 after purchasing an additional 3,503 shares in the last quarter. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

(Get Free Report)

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.

Further Reading

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