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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $60.69 and last traded at $60.29, with a volume of 3706 shares trading hands. The stock had previously closed at $58.60.

Wall Street Analysts Forecast Growth

Separately, Stephens began coverage on shares of Southern Missouri Bancorp in a report on Tuesday, August 13th. They set an “overweight” rating and a $60.00 target price on the stock.

Southern Missouri Bancorp Stock Performance

The stock has a market capitalization of $693.38 million, a P/E ratio of 13.88 and a beta of 0.96. The company’s fifty day simple moving average is $55.29 and its 200 day simple moving average is $47.79. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Monday, July 29th. The savings and loans company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.93 by $0.26. Southern Missouri Bancorp had a return on equity of 10.61% and a net margin of 18.37%. The business had revenue of $42.86 million during the quarter, compared to analysts’ expectations of $40.18 million. As a group, sell-side analysts forecast that Southern Missouri Bancorp, Inc. will post 4.7 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.50%. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, August 15th. Southern Missouri Bancorp’s dividend payout ratio is 20.86%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director William E. Young sold 500 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $52.37, for a total value of $26,185.00. Following the transaction, the director now owns 223,917 shares of the company’s stock, valued at $11,726,533.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director William E. Young sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.57, for a total transaction of $247,850.00. Following the transaction, the director now directly owns 218,917 shares of the company’s stock, valued at approximately $10,851,715.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William E. Young sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $52.37, for a total value of $26,185.00. Following the completion of the sale, the director now owns 223,917 shares of the company’s stock, valued at $11,726,533.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 16.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BTC Capital Management Inc. purchased a new stake in shares of Southern Missouri Bancorp in the 1st quarter valued at $801,000. FORVIS Wealth Advisors LLC purchased a new stake in Southern Missouri Bancorp during the first quarter valued at about $861,000. BNP Paribas Financial Markets grew its stake in shares of Southern Missouri Bancorp by 86.8% during the first quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock valued at $207,000 after buying an additional 2,206 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Southern Missouri Bancorp by 36.1% in the first quarter. ACR Alpine Capital Research LLC now owns 48,735 shares of the savings and loans company’s stock worth $2,130,000 after buying an additional 12,925 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Southern Missouri Bancorp by 7.4% in the first quarter. Empowered Funds LLC now owns 17,701 shares of the savings and loans company’s stock worth $774,000 after buying an additional 1,225 shares during the period. 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.