Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 12-Month High – Still a Buy?

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) hit a new 52-week high during trading on Thursday . The stock traded as high as $63.34 and last traded at $63.29, with a volume of 7398 shares trading hands. The stock had previously closed at $62.51.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SMBC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Southern Missouri Bancorp in a report on Monday. Piper Sandler set a $60.50 price target on shares of Southern Missouri Bancorp and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Southern Missouri Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.83.

Southern Missouri Bancorp Trading Up 0.9%

The firm has a market capitalization of $706.10 million, a P/E ratio of 11.55 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $54.80 and a 200-day simple moving average of $54.87.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, November 10th. The savings and loans company reported $1.40 earnings per share (EPS) for the quarter. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.57%. The company had revenue of $30.15 million during the quarter. On average, equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 18.32%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director William E. Young sold 1,500 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $53.87, for a total value of $80,805.00. Following the completion of the sale, the director directly owned 93,552 shares of the company’s stock, valued at $5,039,646.24. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.81% of the stock is currently owned by insiders.

Institutional Trading of Southern Missouri Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMBC. Private Trust Co. NA purchased a new position in Southern Missouri Bancorp in the 2nd quarter worth approximately $32,000. Quarry LP bought a new stake in shares of Southern Missouri Bancorp during the third quarter valued at approximately $66,000. Raymond James Financial Inc. bought a new stake in shares of Southern Missouri Bancorp during the second quarter valued at approximately $93,000. Strs Ohio purchased a new position in shares of Southern Missouri Bancorp in the first quarter worth $94,000. Finally, Aquatic Capital Management LLC boosted its position in shares of Southern Missouri Bancorp by 140.8% during the third quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock worth $102,000 after acquiring an additional 1,138 shares during the last quarter. Institutional investors 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.