Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 52-Week High – Still a Buy?

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) hit a new 52-week high during trading on Monday . The company traded as high as $68.60 and last traded at $68.60, with a volume of 2629 shares trading hands. The stock had previously closed at $66.39.

Wall Street Analysts Forecast Growth

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

Southern Missouri Bancorp Stock Down 1.5 %

The stock has a 50-day moving average price of $59.71 and a 200-day moving average price of $52.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $742.22 million, a P/E ratio of 15.13 and a beta of 0.95.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. The firm had revenue of $74.55 million for the quarter, compared to the consensus estimate of $42.48 million. On average, research analysts predict that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given 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 1.40%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is currently 21.15%.

Insider Transactions at Southern Missouri Bancorp

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 transaction of $179,700.00. Following the transaction, the director now owns 48,649 shares in the company, valued at $2,914,075.10. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC bought a new position in shares of Southern Missouri Bancorp during the 1st quarter worth about $25,000. XTX Topco Ltd bought a new position in Southern Missouri Bancorp in the second quarter worth approximately $210,000. SG Americas Securities LLC bought a new position in Southern Missouri Bancorp in the third quarter worth approximately $233,000. BNP Paribas Financial Markets grew its stake in Southern Missouri Bancorp by 139.5% in the third quarter. BNP Paribas Financial Markets now owns 4,673 shares of the savings and loans company’s stock valued at $264,000 after acquiring an additional 2,722 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of Southern Missouri Bancorp during the third quarter valued at approximately $273,000. 49.49% of the stock is owned by institutional investors.

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.