Southern Missouri Bancorp (NASDAQ:SMBC) Sets New 12-Month High – Here’s What Happened

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $65.93 and last traded at $65.9050, with a volume of 6712 shares changing hands. The stock had previously closed at $64.64.

Analyst Upgrades and Downgrades

Several research firms have commented on SMBC. Keefe, Bruyette & Woods lifted their price objective on shares of Southern Missouri Bancorp from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 27th. Piper Sandler reaffirmed a “neutral” rating and set a $68.00 price target (up from $61.00) on shares of Southern Missouri Bancorp in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Southern Missouri Bancorp in a research report on Monday, December 29th. Finally, Stephens reissued an “overweight” rating and issued a $73.00 price objective (up previously from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.33.

Southern Missouri Bancorp Trading Up 1.1%

The stock has a market capitalization of $732.09 million, a P/E ratio of 11.31 and a beta of 0.99. The stock’s fifty day moving average price is $60.46 and its 200 day moving average price is $56.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $49.65 million during the quarter, compared to analysts’ expectations of $49.79 million. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 12.04%. Research analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, February 13th. Southern Missouri Bancorp’s dividend payout ratio is currently 17.30%.

Insider Activity

In other news, Director William E. Young sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $53.87, for a total transaction of $80,805.00. Following the transaction, the director owned 93,552 shares in the company, valued at approximately $5,039,646.24. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 15.81% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC bought a new position in shares of Southern Missouri Bancorp during the third quarter valued at approximately $592,000. Squarepoint Ops LLC purchased a new stake in Southern Missouri Bancorp during the second quarter worth $996,000. Geode Capital Management LLC boosted its position in Southern Missouri Bancorp by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 230,664 shares of the savings and loans company’s stock valued at $12,638,000 after acquiring an additional 10,802 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Southern Missouri Bancorp by 840,200.0% in the 2nd quarter. AlphaQuest LLC now owns 8,403 shares of the savings and loans company’s stock valued at $460,000 after acquiring an additional 8,402 shares during the period. Finally, Creative Planning raised its position in shares of Southern Missouri Bancorp by 78.4% in the 2nd quarter. Creative Planning now owns 19,891 shares of the savings and loans company’s stock worth $1,090,000 after acquiring an additional 8,740 shares in the last quarter. 49.49% of the stock is currently owned by institutional investors.

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.