Southern Missouri Bancorp (NASDAQ:SMBC) Shares Break Below Fifty Day Moving Average – Should You Sell?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $71.99 and traded as low as $71.22. Southern Missouri Bancorp shares last traded at $71.49, with a volume of 94,042 shares trading hands.

Analysts Set New Price Targets

SMBC has been the topic of several research reports. Stephens downgraded Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Thursday, August 6th. Piper Sandler lowered their target price on Southern Missouri Bancorp from $83.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, October 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Benchmark upgraded Southern Missouri Bancorp to a “strong-buy” rating in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.50.

Southern Missouri Bancorp Trading Down 1.1%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $787.10 million, a P/E ratio of 10.54 and a beta of 0.80. The firm’s fifty day simple moving average is $71.99 and its 200 day simple moving average is $69.67.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a return on equity of 13.02% and a net margin of 23.47%. The firm had revenue of $53.09 million during the quarter, compared to analysts’ expectations of $52.60 million. As a group, equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 6.69 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, November 13th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 15.93%.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of SMBC. Sterling Capital Management LLC lifted its stake in shares of Southern Missouri Bancorp by 1,964.5% in the 3rd quarter. Sterling Capital Management LLC now owns 3,778 shares of the savings and loans company’s stock valued at $268,000 after acquiring an additional 3,595 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Southern Missouri Bancorp by 121.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the savings and loans company’s stock valued at $121,000 after purchasing an additional 941 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Southern Missouri Bancorp during the second quarter valued at about $335,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Southern Missouri Bancorp during the second quarter valued at about $454,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Southern Missouri Bancorp by 33.6% during the second quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock worth $1,496,000 after purchasing an additional 4,924 shares during the last quarter. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.