Southern Missouri Bancorp (NASDAQ:SMBC) Hits New 52-Week High – Should You Buy?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $64.90 and last traded at $64.90, with a volume of 4599 shares traded. The stock had previously closed at $59.00.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SMBC. Piper Sandler boosted their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens lifted their price objective on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $719.78 million, a PE ratio of 14.67 and a beta of 0.95. The stock has a 50-day moving average price of $57.24 and a 200 day moving average price of $49.85.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). The company had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.32% and a net margin of 17.44%. Equities analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.44%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 21.15%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the transaction, the director now owns 48,649 shares of the company’s stock, valued at $2,914,075.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is currently owned by insiders.

Institutional Trading of Southern Missouri Bancorp

Several large investors have recently bought and sold shares of SMBC. American Century Companies Inc. boosted its position in shares of Southern Missouri Bancorp by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock valued at $6,545,000 after acquiring an additional 27,388 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Southern Missouri Bancorp by 103.4% in the third quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock valued at $2,084,000 after purchasing an additional 18,756 shares during the period. Dimensional Fund Advisors LP lifted its stake in Southern Missouri Bancorp by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock worth $15,947,000 after purchasing an additional 16,085 shares in the last quarter. ACR Alpine Capital Research LLC boosted its position in shares of Southern Missouri Bancorp by 24.9% during the second quarter. ACR Alpine Capital Research LLC now owns 60,860 shares of the savings and loans company’s stock worth $2,739,000 after buying an additional 12,125 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Southern Missouri Bancorp in the third quarter valued at $600,000. Hedge funds and other institutional investors own 49.49% of the company’s stock.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.