Southern Missouri Bancorp (NASDAQ:SMBC) Share Price Passes Above 200-Day Moving Average – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.31 and traded as high as $60.50. Southern Missouri Bancorp shares last traded at $60.50, with a volume of 19,030 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on SMBC shares. Piper Sandler boosted their price target on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stephens reiterated an “overweight” rating and set a $76.00 target price on shares of Southern Missouri Bancorp in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reduced their target price on Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th.

Southern Missouri Bancorp Price Performance

The business has a fifty day simple moving average of $58.74 and a two-hundred day simple moving average of $58.31. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock has a market cap of $682.44 million, a PE ratio of 13.21 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.56% and a net margin of 17.72%. Research analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.23 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.52%. Southern Missouri Bancorp’s payout ratio is currently 20.09%.

Insider Buying and Selling

In related news, Director Douglas Bagby sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $59.08, for a total value of $413,560.00. Following the transaction, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $1,240,680. This represents a 25.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMBC. SG Americas Securities LLC bought a new position in Southern Missouri Bancorp in the 3rd quarter valued at approximately $233,000. Creative Planning lifted its position in Southern Missouri Bancorp by 20.9% in the 3rd quarter. Creative Planning now owns 6,610 shares of the savings and loans company’s stock valued at $373,000 after acquiring an additional 1,142 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Southern Missouri Bancorp by 103.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock valued at $2,084,000 after buying an additional 18,756 shares during the period. Triune Financial Partners LLC bought a new position in shares of Southern Missouri Bancorp during the 3rd quarter valued at $328,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Southern Missouri Bancorp by 105.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 12,570 shares of the savings and loans company’s stock valued at $710,000 after buying an additional 6,450 shares during the period. 49.49% of the stock is 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.