Southern Missouri Bancorp (NASDAQ:SMBC) Sees Strong Trading Volume – Time to Buy?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares saw an uptick in trading volume on Monday . 42,699 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 71,017 shares.The stock last traded at $68.41 and had previously closed at $68.53.

Analyst Ratings Changes

Several brokerages recently issued reports on SMBC. Stephens reissued an “overweight” rating and set a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Keefe, Bruyette & Woods lifted their target price on shares of 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. Weiss Ratings raised Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $71.00 price target (up from $68.00) on shares of Southern Missouri Bancorp in a report on Monday, April 27th. Two research 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 has a consensus rating of “Moderate Buy” and an average target price of $70.67.

Southern Missouri Bancorp Trading Down 1.3%

The business’s fifty day simple moving average is $64.45 and its 200 day simple moving average is $60.66. 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 market cap of $751.51 million, a P/E ratio of 11.32 and a beta of 0.89.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 21.36% and a return on equity of 12.14%. As a group, analysts expect that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current year.

Southern Missouri Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 16.69%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director Charles R. Love sold 580 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total value of $37,120.00. Following the transaction, the director directly owned 15,220 shares in the company, valued at approximately $974,080. This trade represents a 3.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.81% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Southern Missouri Bancorp during the 4th quarter valued at about $1,152,000. Clayton Financial Group LLC acquired a new position in Southern Missouri Bancorp during the 4th quarter valued at about $16,579,000. American Century Companies Inc. lifted its position in 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 valued at $14,476,000 after purchasing an additional 25,751 shares during the period. Alps Advisors Inc. acquired a new position in Southern Missouri Bancorp during the 3rd quarter valued at about $431,000. Finally, Semanteon Capital Management LP bought a new position in shares of Southern Missouri Bancorp in the 3rd quarter worth $352,000. 49.49% of the stock is 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.