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

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $56.80 and traded as high as $65.97. Southern Missouri Bancorp shares last traded at $64.01, with a volume of 55,190 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on SMBC. Keefe, Bruyette & Woods raised their target price on shares of Southern Missouri Bancorp from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Piper Sandler reiterated a “neutral” rating and set a $68.00 price objective (up from $61.00) on shares of Southern Missouri Bancorp in a research note on Monday, January 26th. Stephens reissued an “overweight” rating and set a $73.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Southern Missouri Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Southern Missouri Bancorp currently has an average rating of “Hold” and an average price target of $68.33.

Southern Missouri Bancorp Stock Performance

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 has a market cap of $711.15 million, a PE ratio of 11.07 and a beta of 0.99. The business’s 50-day moving average price is $61.42 and its 200-day moving average price is $56.80.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Friday, February 6th. The savings and loans company reported $1.61 EPS for the quarter. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 11.92%. The company had revenue of $49.65 million during the quarter. As a group, equities research analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, February 13th. Southern Missouri Bancorp’s payout ratio is 17.30%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director William E. Young sold 1,500 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $53.87, for a total value of $80,805.00. Following the completion of the sale, the director directly owned 93,552 shares in the company, valued at approximately $5,039,646.24. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Hedge funds have recently modified their holdings of the stock. Private Trust Co. NA acquired a new stake in Southern Missouri Bancorp in the 2nd quarter worth approximately $32,000. Quarry LP acquired a new position in Southern Missouri Bancorp during the 3rd quarter valued at approximately $66,000. Raymond James Financial Inc. purchased a new position in shares of Southern Missouri Bancorp in the second quarter worth $93,000. Strs Ohio acquired a new stake in shares of Southern Missouri Bancorp during the first quarter worth $94,000. Finally, Aquatic Capital Management LLC grew its holdings in shares of Southern Missouri Bancorp by 140.8% during the third quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 49.49% of the company’s stock.

About Southern Missouri Bancorp

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.