Southern Missouri Bancorp (NASDAQ:SMBC) Hits New 1-Year High – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $64.90 and last traded at $64.90, with a volume of 4599 shares. The stock had previously closed at $59.00.

Wall Street Analysts Forecast Growth

SMBC has been the topic of a number of analyst reports. Piper Sandler increased their price target on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Stephens raised their target price on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Stock Down 5.1 %

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a market cap of $719.78 million, a PE ratio of 14.67 and a beta of 0.95. The firm has a fifty day moving average of $57.24 and a 200 day moving average of $49.85.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.32%. The business had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. On average, equities research analysts anticipate that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.44%. Southern Missouri Bancorp’s payout ratio is currently 21.15%.

Insider Activity

In related news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the sale, the director now directly owns 48,649 shares of the company’s stock, valued at $2,914,075.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.60% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Southern Missouri Bancorp in the 1st quarter valued at about $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Southern Missouri Bancorp by 86.8% in the first quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock valued at $207,000 after acquiring an additional 2,206 shares during the period. XTX Topco Ltd purchased a new position in shares of Southern Missouri Bancorp during the second quarter worth approximately $210,000. SG Americas Securities LLC acquired a new position in shares of Southern Missouri Bancorp in the 3rd quarter valued at $233,000. Finally, Bailard Inc. purchased a new stake in Southern Missouri Bancorp in the 2nd quarter valued at $293,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.