Southern Missouri Bancorp (NASDAQ:SMBC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $58.46 and traded as high as $63.02. Southern Missouri Bancorp shares last traded at $62.44, with a volume of 42,041 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $68.00 price target (up from $61.00) on shares of Southern Missouri Bancorp in a research report on Monday, January 26th. Keefe, Bruyette & Woods lifted their price objective on Southern Missouri Bancorp from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Weiss Ratings upgraded Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Stephens reissued an “overweight” rating and set a $73.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Southern Missouri Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Southern Missouri Bancorp Stock Performance

The company has a market cap of $693.71 million, a price-to-earnings ratio of 10.80 and a beta of 0.96. The firm’s 50 day simple moving average is $63.02 and its 200-day simple moving average is $58.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Friday, February 6th. The savings and loans company reported $1.61 EPS for the quarter. The business had revenue of $49.65 million during the quarter. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 11.92%. On average, sell-side analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.25 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. Southern Missouri Bancorp’s dividend payout ratio is presently 17.30%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director Charles R. Love sold 580 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $64.00, for a total value of $37,120.00. Following the transaction, the director directly owned 15,220 shares of the company’s stock, valued at $974,080. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Southern Missouri Bancorp by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 432,463 shares of the savings and loans company’s stock worth $22,731,000 after buying an additional 4,037 shares in the last quarter. FJ Capital Management LLC boosted its stake in Southern Missouri Bancorp by 6.4% during the third quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock worth $15,818,000 after buying an additional 18,002 shares during the last quarter. Clayton Financial Group LLC purchased a new stake in Southern Missouri Bancorp in the 4th quarter valued at $16,579,000. State Street Corp grew its holdings 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 buying an additional 62,355 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 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 worth $14,476,000 after acquiring an additional 25,751 shares during 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.