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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $77.79 and last traded at $77.78, with a volume of 100857 shares. The stock had previously closed at $76.21.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SMBC. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Keefe, Bruyette & Woods upped their price target on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Piper Sandler reissued a “neutral” rating and issued a $79.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, June 26th. Finally, Stephens restated an “overweight” rating and issued a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.33.

Southern Missouri Bancorp Stock Performance

The company has a market cap of $857.14 million, a P/E ratio of 12.98 and a beta of 0.86. The business has a 50 day moving average price of $70.08 and a two-hundred day moving average price of $65.40. 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 announced its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.05. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%.The business had revenue of $50.25 million for the quarter, compared to analysts’ expectations of $49.98 million. On average, sell-side analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.25 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors 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 payout ratio is presently 16.69%.

Insider Buying and Selling

In related news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the sale, the executive vice president directly owned 5,375 shares in the company, valued at $374,637.50. This represents a 27.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of large investors have recently added to or reduced their stakes in SMBC. Royal Bank of Canada lifted its stake in Southern Missouri Bancorp by 124.7% in the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after acquiring an additional 313 shares during the period. NewEdge Advisors LLC grew its stake in shares of Southern Missouri Bancorp by 105.7% in the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock worth $42,000 after acquiring an additional 369 shares during the last quarter. Quarry LP bought a new position in shares of Southern Missouri Bancorp in the third quarter worth approximately $66,000. Raymond James Financial Inc. bought a new position in Southern Missouri Bancorp in the 2nd quarter valued at approximately $93,000. Finally, Strs Ohio purchased a new stake in shares of Southern Missouri Bancorp during the first quarter valued at $94,000. Institutional investors 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.