Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 12-Month High – What’s Next?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $75.94 and last traded at $75.3430, with a volume of 3595 shares trading hands. The stock had previously closed at $74.76.

Wall Street Analysts Forecast Growth

SMBC has been the subject of a number of recent research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $79.00 target price on shares of Southern Missouri Bancorp in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Keefe, Bruyette & Woods upped their price objective on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Finally, Stephens restated an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $73.33.

Southern Missouri Bancorp Trading Up 0.7%

The stock has a market cap of $829.95 million, a PE ratio of 12.61 and a beta of 0.88. The company’s 50-day moving average price is $69.28 and its 200 day moving average price is $64.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.05. The company had revenue of $50.25 million during the quarter, compared to analyst estimates of $49.98 million. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%. On average, sell-side analysts forecast that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. Southern Missouri Bancorp’s dividend payout ratio is 16.69%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the transaction, the executive vice president directly owned 5,375 shares in the company, valued at approximately $374,637.50. This represents a 27.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.81% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Southern Missouri Bancorp by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock worth $28,187,000 after buying an additional 11,946 shares during the period. FJ Capital Management LLC increased its position in shares of Southern Missouri Bancorp by 6.4% during the third quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock valued at $15,818,000 after acquiring an additional 18,002 shares during the last quarter. Clayton Financial Group LLC purchased a new stake in shares of Southern Missouri Bancorp in the 4th quarter valued at approximately $16,579,000. State Street Corp raised its stake in shares of Southern Missouri Bancorp by 29.2% in the 4th 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 period. Finally, American Century Companies Inc. lifted its holdings in shares of Southern Missouri Bancorp by 10.3% in the 3rd quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock worth $14,476,000 after acquiring an additional 25,751 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.