Southern Missouri Bancorp (NASDAQ:SMBC) Shares Gap Down – Time to Sell?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $63.95, but opened at $62.34. Southern Missouri Bancorp shares last traded at $63.10, with a volume of 2,605 shares.

Analysts Set New Price Targets

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

Southern Missouri Bancorp Stock Performance

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $62.90 and a 200 day moving average price of $54.65. The firm has a market capitalization of $664.44 million, a PE ratio of 13.54 and a beta of 0.97.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results 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). The firm had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. Research analysts expect that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is currently 21.15%.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the transaction, the director now directly owns 48,649 shares of the company’s stock, valued at $2,914,075.10. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in SMBC. Hotchkis & Wiley Capital Management LLC acquired a new stake in Southern Missouri Bancorp in the third quarter valued at approximately $3,690,000. Charles Schwab Investment Management Inc. grew its holdings in Southern Missouri Bancorp by 147.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock worth $5,082,000 after acquiring an additional 53,670 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Southern Missouri Bancorp by 48.2% in the 3rd quarter. Franklin Resources Inc. now owns 104,175 shares of the savings and loans company’s stock valued at $6,105,000 after purchasing an additional 33,902 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Southern Missouri Bancorp by 23.2% in the 2nd quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock valued at $6,545,000 after purchasing an additional 27,388 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Southern Missouri Bancorp by 103.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock worth $2,084,000 after purchasing an additional 18,756 shares during the last quarter. Hedge funds and other institutional investors own 49.49% of the company’s stock.

About Southern Missouri Bancorp

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.