Southern Missouri Bancorp (NASDAQ:SMBC) Hits New 52-Week High – What’s Next?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s share price hit a new 52-week high on Thursday . The company traded as high as $71.66 and last traded at $71.6240, with a volume of 173 shares. The stock had previously closed at $70.96.

Analysts Set New Price Targets

SMBC has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price objective on Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Stephens reiterated an “overweight” rating and set a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Piper Sandler reissued a “neutral” rating and issued a $71.00 price target (up from $68.00) on shares of Southern Missouri Bancorp in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.67.

Southern Missouri Bancorp Stock Up 1.3%

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $797.19 million, a PE ratio of 12.08 and a beta of 0.88. The firm has a 50-day moving average of $68.11 and a two-hundred day moving average of $63.89.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. The firm had revenue of $50.25 million during the quarter, compared to the consensus estimate of $49.98 million. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%. On average, equities research analysts forecast that Southern Missouri Bancorp, Inc. will post 6.25 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.25 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 1.4%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 16.69%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction that occurred 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 transaction, the executive vice president directly owned 5,375 shares of the company’s stock, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Southern Missouri Bancorp by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock valued at $28,187,000 after buying an additional 11,946 shares in the last quarter. FJ Capital Management LLC boosted its stake in shares of Southern Missouri Bancorp by 6.4% in the third quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock valued at $15,818,000 after purchasing an additional 18,002 shares during the period. Clayton Financial Group LLC acquired a new stake in Southern Missouri Bancorp during the 4th quarter valued at $16,579,000. State Street Corp grew its holdings in Southern Missouri Bancorp by 29.2% during the 4th quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock valued at $16,312,000 after purchasing an additional 62,355 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Southern Missouri Bancorp by 10.3% during the 3rd quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock worth $14,476,000 after buying an additional 25,751 shares during the period. Hedge funds and other 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.