Southern Missouri Bancorp (NASDAQ:SMBC) Shares Gap Down – Should You Sell?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares gapped down prior to trading on Tuesday . The stock had previously closed at $63.95, but opened at $62.34. Southern Missouri Bancorp shares last traded at $63.10, with a volume of 2,605 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SMBC. Stephens increased their price target on shares of Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler upped their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th.

Southern Missouri Bancorp Trading Down 5.6 %

The firm has a market cap of $664.44 million, a price-to-earnings ratio of 13.54 and a beta of 0.97. The company’s 50-day moving average price is $62.90 and its 200-day moving average price is $54.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. The company had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Equities analysts expect that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio is presently 21.15%.

Insider Buying and Selling

In other news, Director William E. Young sold 3,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the transaction, the director now directly owns 48,649 shares of the company’s stock, valued at approximately $2,914,075.10. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 16.60% of the stock is owned by company insiders.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in shares of Southern Missouri Bancorp by 147.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock valued at $5,082,000 after purchasing an additional 53,670 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Southern Missouri Bancorp by 42.4% during the third quarter. Janus Henderson Group PLC now owns 8,071 shares of the savings and loans company’s stock worth $455,000 after buying an additional 2,404 shares during the last quarter. Bailard Inc. purchased a new stake in Southern Missouri Bancorp in the 2nd quarter valued at $293,000. Assenagon Asset Management S.A. increased its stake in shares of Southern Missouri Bancorp by 103.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock worth $2,084,000 after acquiring an additional 18,756 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Southern Missouri Bancorp in the 3rd quarter worth $600,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

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.