Southern Missouri Bancorp (NASDAQ:SMBC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.52 and traded as high as $75.19. Southern Missouri Bancorp shares last traded at $74.36, with a volume of 65,750 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stephens cut shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their price objective on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Piper Sandler reissued a “neutral” rating and set a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $83.67.

Southern Missouri Bancorp Stock Up 0.3%

The stock’s fifty day moving average is $76.04 and its two-hundred day moving average is $69.58. 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 company has a market capitalization of $817.90 million, a PE ratio of 11.54 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.31. The company had revenue of $51.77 million during the quarter, compared to analyst estimates of $51.14 million. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. As a group, analysts predict that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.27 dividend. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. Southern Missouri Bancorp’s payout ratio is presently 16.80%.

Insider Activity at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $69.70, for a total value of $139,400.00. Following the transaction, the executive vice president owned 5,375 shares in the company, valued at approximately $374,637.50. This represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.81% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Several hedge funds have recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of Southern Missouri Bancorp during the 2nd quarter worth $26,000. Royal Bank of Canada lifted its holdings in Southern Missouri Bancorp by 124.7% during the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after purchasing an additional 313 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Southern Missouri Bancorp by 105.7% during the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after purchasing an additional 369 shares during the last quarter. Quarry LP bought a new position in Southern Missouri Bancorp during the third quarter worth about $66,000. Finally, Raymond James Financial Inc. bought a new position in Southern Missouri Bancorp during the second quarter worth about $93,000. 49.49% of the stock is currently owned by institutional investors.

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.