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

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $70.48 and last traded at $70.7540, with a volume of 103335 shares trading hands. The stock had previously closed at $69.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $71.00 target price (up from $68.00) on shares of Southern Missouri Bancorp in a research note on Monday, April 27th. Weiss Ratings raised Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods upped their target price on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Finally, Stephens reaffirmed an “overweight” rating and issued a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Southern Missouri Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $70.67.

Southern Missouri Bancorp Price Performance

The company has a fifty day simple moving average of $67.36 and a two-hundred day simple moving average of $63.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $768.09 million, a price-to-earnings ratio of 11.64 and a beta of 0.88.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.05. The company had revenue of $50.25 million during the quarter, compared to the consensus estimate of $49.98 million. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%. As a group, research analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.25 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.25 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 1.4%. Southern Missouri Bancorp’s payout ratio is 16.69%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $68.47, for a total value of $136,940.00. Following the completion of the transaction, the executive vice president directly owned 5,375 shares in the company, valued at approximately $368,026.25. The trade was a 27.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 15.81% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

Institutional investors have recently bought and sold shares of the stock. Clayton Financial Group LLC acquired a new stake in shares of Southern Missouri Bancorp during the 4th quarter worth $16,579,000. Assenagon Asset Management S.A. acquired a new stake in shares of Southern Missouri Bancorp during the 4th quarter worth $1,152,000. American Century Companies Inc. increased its holdings in shares of Southern Missouri Bancorp by 10.3% during the 3rd quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock worth $14,476,000 after buying an additional 25,751 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Southern Missouri Bancorp by 71.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 91,032 shares of the savings and loans company’s stock worth $5,382,000 after buying an additional 37,825 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Southern Missouri Bancorp during the 3rd quarter worth $431,000. 49.49% of the stock is currently owned by hedge funds and other 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.