Southern Missouri Bancorp (NASDAQ:SMBC) Share Price Passes Above 200 Day Moving Average – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $66.04 and traded as high as $74.81. Southern Missouri Bancorp shares last traded at $74.42, with a volume of 52,848 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SMBC shares. Piper Sandler reissued a “neutral” rating and set a $79.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, June 26th. 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. Wall Street Zen lowered shares of Southern Missouri Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Southern Missouri Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $73.33.

Southern Missouri Bancorp Trading Down 0.4%

The stock has a market capitalization of $820.11 million, a P/E ratio of 12.42 and a beta of 0.86. 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’s fifty day moving average price is $71.18 and its two-hundred day moving average price is $66.04.

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

Southern Missouri Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 15th. Southern Missouri Bancorp’s dividend payout ratio is currently 16.69%.

Insider Buying and Selling

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

Institutional Trading of Southern Missouri Bancorp

Large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Southern Missouri Bancorp by 18.2% during the first quarter. Bank of America Corp DE now owns 25,786 shares of the savings and loans company’s stock valued at $1,649,000 after buying an additional 3,974 shares during the period. Royal Bank of Canada grew its stake in shares of Southern Missouri Bancorp by 124.7% in the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after acquiring an additional 313 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Southern Missouri Bancorp by 3.3% in the first quarter. Empowered Funds LLC now owns 46,088 shares of the savings and loans company’s stock worth $2,947,000 after acquiring an additional 1,492 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Southern Missouri Bancorp by 57.8% during the first quarter. Quantinno Capital Management LP now owns 12,326 shares of the savings and loans company’s stock valued at $788,000 after acquiring an additional 4,517 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Southern Missouri Bancorp by 9.2% during the first quarter. Lazard Asset Management LLC now owns 41,560 shares of the savings and loans company’s stock valued at $2,657,000 after acquiring an additional 3,503 shares in the last quarter. 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.