Southern Missouri Bancorp (NASDAQ:SMBC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.14 and traded as high as $69.32. Southern Missouri Bancorp shares last traded at $67.50, with a volume of 99,041 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SMBC. Keefe, Bruyette & Woods boosted 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 research note on Thursday, April 9th. Weiss Ratings upgraded shares of 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, 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. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.67.

Southern Missouri Bancorp Trading Down 3.0%

The firm has a market cap of $743.85 million, a price-to-earnings ratio of 11.27 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 firm’s fifty day moving average is $67.10 and its 200-day moving average is $63.14.

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 the consensus estimate of $1.55 by $0.05. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. The firm had revenue of $50.25 million for the quarter, compared to analyst estimates of $49.98 million. Equities analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.25 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

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 was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Southern Missouri Bancorp’s dividend payout ratio is currently 16.69%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $68.47, for a total transaction of $136,940.00. Following the transaction, the executive vice president owned 5,375 shares in the company, valued at approximately $368,026.25. This represents a 27.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 raised its holdings 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. NewEdge Advisors LLC raised its holdings in shares of 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 raised its holdings in shares of 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 raised its holdings in shares of 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. 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.