Southern Missouri Bancorp (NASDAQ:SMBC) Hits New 1-Year High – Here’s Why

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) reached a new 52-week high during trading on Monday . The company traded as high as $68.60 and last traded at $68.60, with a volume of 2629 shares traded. The stock had previously closed at $66.39.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SMBC. Piper Sandler increased their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Stephens increased their price target 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 Stock Down 1.5 %

The firm has a 50-day simple moving average of $59.71 and a two-hundred day simple moving average of $52.05. The stock has a market cap of $742.22 million, a P/E ratio of 15.13 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.01). Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. The business had revenue of $74.55 million during the quarter, compared to analyst estimates of $42.48 million. Equities research analysts expect that Southern Missouri Bancorp, Inc. will post 4.9 earnings per share 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 paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is currently 21.15%.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the sale, the director now owns 48,649 shares of the company’s stock, valued at $2,914,075.10. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bailard Inc. bought a new position in Southern Missouri Bancorp in the second quarter valued at approximately $293,000. Assenagon Asset Management S.A. raised its holdings in shares of Southern Missouri Bancorp by 103.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock worth $2,084,000 after buying an additional 18,756 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Southern Missouri Bancorp by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 52,423 shares of the savings and loans company’s stock worth $2,360,000 after buying an additional 3,282 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Southern Missouri Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock worth $25,300,000 after buying an additional 3,821 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Southern Missouri Bancorp by 94.9% in the third quarter. GSA Capital Partners LLP now owns 19,642 shares of the savings and loans company’s stock valued at $1,110,000 after buying an additional 9,566 shares in the last quarter. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Company Profile

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.