Southern Missouri Bancorp (NASDAQ:SMBC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.24 and traded as high as $62.37. Southern Missouri Bancorp shares last traded at $61.94, with a volume of 59,957 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SMBC. Piper Sandler reissued a “neutral” rating and set a $68.00 target price (up from $61.00) on shares of Southern Missouri Bancorp in a research note on Monday, January 26th. Keefe, Bruyette & Woods raised their target price on Southern Missouri Bancorp from $63.00 to $64.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 27th. Stephens reiterated an “overweight” rating and set a $73.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, January 23rd. Finally, Weiss Ratings raised Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Southern Missouri Bancorp currently has an average rating of “Moderate Buy” and an average target price of $68.33.

Southern Missouri Bancorp Trading Down 0.4%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $685.15 million, a price-to-earnings ratio of 10.67 and a beta of 0.96. The company’s 50 day simple moving average is $62.82 and its two-hundred day simple moving average is $58.27.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Friday, February 6th. The savings and loans company reported $1.61 earnings per share (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. Research analysts expect that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 17.30%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director Charles R. Love sold 580 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total value of $37,120.00. Following the transaction, the director directly owned 15,220 shares of the company’s stock, valued at $974,080. This represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Institutional investors have recently made changes to their positions in the company. Clayton Financial Group LLC acquired a new position in Southern Missouri Bancorp in the fourth quarter worth approximately $16,579,000. State Street Corp lifted its stake in Southern Missouri Bancorp by 29.2% in the fourth quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock valued at $16,312,000 after acquiring an additional 62,355 shares during the last quarter. Maltese Capital Management LLC bought a new stake in Southern Missouri Bancorp in the fourth quarter worth approximately $3,554,000. AQR Capital Management LLC increased its stake in shares of Southern Missouri Bancorp by 533.2% during the 4th quarter. AQR Capital Management LLC now owns 62,362 shares of the savings and loans company’s stock worth $3,687,000 after purchasing an additional 52,513 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Southern Missouri Bancorp by 86.5% during the 3rd quarter. Millennium Management LLC now owns 100,724 shares of the savings and loans company’s stock worth $5,294,000 after purchasing an additional 46,730 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors and hedge funds.

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.