Southern Missouri Bancorp (NASDAQ:SMBC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s share price passed 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 trading hands.

Analyst Ratings Changes

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

The company has a market capitalization of $677.70 million, a P/E ratio of 13.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty day moving average price of $58.63 and a two-hundred day moving average price of $58.37.

Southern Missouri Bancorp (NASDAQ:SMBC) last released 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%. Equities analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently disclosed 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, February 14th. Southern Missouri Bancorp’s dividend payout ratio is currently 20.09%.

Insider Buying and Selling

In related news, Director Douglas Bagby sold 7,000 shares of Southern Missouri Bancorp 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 $1,240,680. The trade was a 25.00 % 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. 16.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV acquired a new position in Southern Missouri Bancorp in the fourth quarter valued at approximately $5,228,000. Northern Trust Corp lifted its stake in Southern Missouri Bancorp by 5.0% in the fourth quarter. Northern Trust Corp now owns 98,595 shares of the savings and loans company’s stock valued at $5,656,000 after buying an additional 4,722 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in Southern Missouri Bancorp in the fourth quarter valued at approximately $220,000. MetLife Investment Management LLC lifted its stake in Southern Missouri Bancorp by 7.5% in the fourth quarter. MetLife Investment Management LLC now owns 5,577 shares of the savings and loans company’s stock valued at $320,000 after buying an additional 391 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Southern Missouri Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 397,765 shares of the savings and loans company’s stock valued at $22,820,000 after buying an additional 18,623 shares during the period. 49.49% of the stock is owned by institutional investors and hedge funds.

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.