Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 12-Month High – Should You Buy?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares reached a new 52-week high on Wednesday . The stock traded as high as $64.90 and last traded at $64.90, with a volume of 4599 shares traded. The stock had previously closed at $59.00.

Analyst Upgrades and Downgrades

Several research firms 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 stock an “overweight” rating in a research note on Wednesday, October 30th. Stephens increased their price objective on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Southern Missouri Bancorp Stock Up 11.5 %

The firm’s 50 day simple moving average is $56.89 and its 200 day simple moving average is $49.63. The company has a market cap of $741.77 million, a price-to-earnings ratio of 13.56 and a beta of 0.95. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.32%. The company had revenue of $74.55 million for the quarter, compared to analyst estimates of $42.48 million. Sell-side analysts anticipate that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.40%. Southern Missouri Bancorp’s dividend payout ratio is presently 21.15%.

Insider Activity at Southern Missouri Bancorp

In related news, Director William E. Young sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the transaction, the director now owns 48,649 shares in the company, valued at $2,914,075.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.60% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Large investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new stake in Southern Missouri Bancorp during the first quarter worth approximately $25,000. SG Americas Securities LLC acquired a new position in Southern Missouri Bancorp in the 3rd quarter worth approximately $233,000. XTX Topco Ltd acquired a new position in Southern Missouri Bancorp in the 2nd quarter worth approximately $210,000. BNP Paribas Financial Markets boosted its stake in Southern Missouri Bancorp by 86.8% in the 1st quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock worth $207,000 after purchasing an additional 2,206 shares during the period. Finally, Triune Financial Partners LLC acquired a new position in Southern Missouri Bancorp in the 3rd quarter worth approximately $328,000. 49.49% of the stock is currently owned by institutional investors.

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.