Southern Missouri Bancorp (NASDAQ:SMBC) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $58.24 and traded as high as $62.37. Southern Missouri Bancorp shares last traded at $61.94, with a volume of 59,957 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on SMBC shares. Stephens reissued an “overweight” rating and set a $73.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, January 23rd. Weiss Ratings raised shares of Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Piper Sandler reissued 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of Southern Missouri Bancorp from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.33.

Southern Missouri Bancorp Trading Up 1.2%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $62.79 and its 200-day moving average price is $58.24. The firm has a market cap of $688.03 million, a price-to-earnings ratio of 10.72 and a beta of 0.96.

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

Southern Missouri Bancorp Dividend Announcement

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

Insider Buying and Selling at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director Charles R. Love sold 580 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $64.00, for a total transaction of $37,120.00. Following the sale, the director directly owned 15,220 shares of the company’s stock, valued at approximately $974,080. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.81% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Clayton Financial Group LLC bought a new stake in shares of Southern Missouri Bancorp in the 4th quarter worth approximately $16,579,000. State Street Corp grew its stake 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 worth $16,312,000 after buying an additional 62,355 shares during the last quarter. Maltese Capital Management LLC bought a new position in Southern Missouri Bancorp during the 4th quarter worth $3,554,000. AQR Capital Management LLC increased its position in Southern Missouri Bancorp by 533.2% in the fourth quarter. AQR Capital Management LLC now owns 62,362 shares of the savings and loans company’s stock worth $3,687,000 after buying an additional 52,513 shares during the period. Finally, Millennium Management LLC increased its position in Southern Missouri Bancorp by 86.5% in the third quarter. Millennium Management LLC now owns 100,724 shares of the savings and loans company’s stock worth $5,294,000 after buying an additional 46,730 shares during the period. 49.49% of the stock is owned by institutional investors and hedge funds.

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.