Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 12-Month High – Here’s What Happened

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) hit a new 52-week high during trading on Wednesday . The company traded as high as $79.78 and last traded at $79.33, with a volume of 79951 shares trading hands. The stock had previously closed at $78.78.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SMBC shares. Piper Sandler reiterated a “neutral” rating and issued a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Keefe, Bruyette & Woods boosted their price objective on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Stephens cut Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a report on Thursday. Finally, Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $83.67.

Southern Missouri Bancorp Stock Performance

The company has a 50-day moving average of $74.54 and a 200 day moving average of $68.36. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $858.26 million, a PE ratio of 12.12 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.31. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%.The business had revenue of $51.77 million for the quarter, compared to analyst estimates of $51.14 million. Equities research analysts predict that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. Southern Missouri Bancorp’s payout ratio is presently 16.80%.

Insider Buying and Selling 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 shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the sale, the executive vice president directly owned 5,375 shares of the company’s stock, valued at $374,637.50. This trade represents a 27.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of Southern Missouri Bancorp by 124.7% during the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after buying an additional 313 shares in the last quarter. NewEdge Advisors LLC grew its position in Southern Missouri Bancorp by 105.7% in the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock worth $42,000 after acquiring an additional 369 shares in the last quarter. Quarry LP bought a new position in Southern Missouri Bancorp in the third quarter valued at $66,000. Raymond James Financial Inc. bought a new position in Southern Missouri Bancorp in the second quarter valued at $93,000. Finally, Strs Ohio bought a new position in Southern Missouri Bancorp in the first quarter valued at $94,000. Hedge funds and other institutional investors own 49.49% of the company’s stock.

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.