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

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $58.07 and traded as high as $61.47. Southern Missouri Bancorp shares last traded at $61.17, with a volume of 47,522 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on SMBC. Keefe, Bruyette & Woods lifted their price target on shares of Southern Missouri Bancorp from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 27th. Stephens restated an “overweight” rating and issued a $73.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, January 23rd. Weiss Ratings raised Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, Piper Sandler reiterated a “neutral” rating and set a $68.00 target price (up from $61.00) on shares of Southern Missouri Bancorp in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Southern Missouri Bancorp Stock Performance

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 cap of $679.60 million, a P/E ratio of 10.58 and a beta of 0.96. The business’s 50 day simple moving average is $62.55 and its 200 day simple moving average is $58.07.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Friday, February 6th. The savings and loans company reported $1.61 earnings per share for the quarter. The business had revenue of $49.65 million during the quarter. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 11.92%. Sell-side analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.00 annualized dividend and a yield of 1.6%. Southern Missouri Bancorp’s dividend payout ratio is currently 17.30%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director Charles R. Love sold 580 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total value of $37,120.00. Following the completion of the sale, the director owned 15,220 shares in the company, valued at approximately $974,080. This represents a 3.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several large investors have recently made changes to their positions in SMBC. AQR Capital Management LLC boosted its stake in shares of Southern Missouri Bancorp by 122.9% in the first quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company’s stock worth $501,000 after acquiring an additional 5,306 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Southern Missouri Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock valued at $296,000 after purchasing an additional 234 shares during the period. Empowered Funds LLC raised its stake in Southern Missouri Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company’s stock valued at $1,173,000 after purchasing an additional 1,702 shares during the period. Jane Street Group LLC purchased a new position in Southern Missouri Bancorp in the 1st quarter worth approximately $740,000. Finally, Strs Ohio purchased a new position in Southern Missouri Bancorp in the 1st quarter worth approximately $94,000. 49.49% of the stock is currently owned by hedge funds and other 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.