Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 52-Week High – Here’s What Happened

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price reached a new 52-week high on Thursday . The company traded as high as $75.00 and last traded at $73.0560, with a volume of 36825 shares. The stock had previously closed at $71.30.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Piper Sandler reissued a “neutral” rating and set a $71.00 price target (up from $68.00) on shares of Southern Missouri Bancorp in a research report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Finally, Stephens restated an “overweight” rating and issued a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.67.

Southern Missouri Bancorp Price Performance

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 firm has a market capitalization of $791.76 million, a price-to-earnings ratio of 11.99 and a beta of 0.88. The stock’s fifty day moving average price is $68.49 and its two-hundred day moving average price is $64.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.05. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%.The company had revenue of $50.25 million during the quarter, compared to the consensus estimate of $49.98 million. Equities research 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 announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. Southern Missouri Bancorp’s payout ratio is presently 16.69%.

Insider Transactions at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the transaction, the executive vice president owned 5,375 shares in the company, valued at $374,637.50. This trade represents a 27.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Southern Missouri Bancorp by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock valued at $28,187,000 after acquiring an additional 11,946 shares during the period. FJ Capital Management LLC grew its position in Southern Missouri Bancorp by 6.4% during the 3rd quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock worth $15,818,000 after purchasing an additional 18,002 shares during the last quarter. Clayton Financial Group LLC acquired a new position in Southern Missouri Bancorp in the fourth quarter valued at $16,579,000. State Street Corp raised its holdings in shares of Southern Missouri Bancorp by 29.2% in the fourth quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock valued at $16,312,000 after buying an additional 62,355 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Southern Missouri Bancorp by 10.3% during the third 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 period. 49.49% of the stock is owned by institutional investors and hedge funds.

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.