Southern Missouri Bancorp (NASDAQ:SMBC) Sees Unusually-High Trading Volume – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) saw unusually-strong trading volume on Monday . Approximately 44,719 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 56,148 shares.The stock last traded at $64.6760 and had previously closed at $64.94.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SMBC shares. Keefe, Bruyette & Woods increased 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. Weiss Ratings raised Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Piper Sandler reaffirmed a “neutral” rating and issued a $68.00 target price (up from $61.00) on shares of Southern Missouri Bancorp in a research report on Monday, January 26th. Finally, Stephens reaffirmed an “overweight” rating and issued a $73.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Southern Missouri Bancorp Trading Up 1.3%

The stock has a market capitalization of $732.70 million, a price-to-earnings ratio of 11.41 and a beta of 0.92. 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 firm has a fifty day moving average of $63.42 and a 200-day moving average of $58.93.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly 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 return on equity of 11.92% and a net margin of 20.80%.The firm had revenue of $49.65 million during the quarter. As a group, equities analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, February 13th. Southern Missouri Bancorp’s dividend payout ratio is currently 17.30%.

Insider Transactions at Southern Missouri Bancorp

In related news, Director Charles R. Love sold 580 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total value of $37,120.00. Following the completion of the sale, the director directly owned 15,220 shares in the company, valued at approximately $974,080. This represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.81% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in Southern Missouri Bancorp by 105.7% in the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after purchasing an additional 369 shares in the last quarter. Quarry LP acquired a new stake in Southern Missouri Bancorp in the 3rd quarter valued at $66,000. Raymond James Financial Inc. purchased a new stake in shares of Southern Missouri Bancorp during the second quarter worth about $93,000. Strs Ohio purchased a new stake in shares of Southern Missouri Bancorp during the first quarter worth about $94,000. Finally, Aquatic Capital Management LLC increased its position 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 worth $102,000 after acquiring an additional 1,138 shares during 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 (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.