Southern Missouri Bancorp (NASDAQ:SMBC) Reaches New 1-Year High After Analyst Upgrade

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday after Stephens raised their price target on the stock from $70.00 to $72.00. Stephens currently has an overweight rating on the stock. Southern Missouri Bancorp traded as high as $62.03 and last traded at $61.07, with a volume of 10941 shares. The stock had previously closed at $59.62.

Separately, Piper Sandler increased their price target on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday.

Insider Buying and Selling

In related news, Director William E. Young sold 5,000 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $49.57, for a total transaction of $247,850.00. Following the transaction, the director now directly owns 218,917 shares in the company, valued at approximately $10,851,715.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Southern Missouri Bancorp news, Director William E. Young sold 500 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $52.37, for a total value of $26,185.00. Following the sale, the director now owns 223,917 shares in the company, valued at $11,726,533.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp stock in a transaction on Monday, August 5th. The stock was sold at an average price of $49.57, for a total value of $247,850.00. Following the sale, the director now owns 218,917 shares of the company's stock, valued at approximately $10,851,715.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. FORVIS Wealth Advisors LLC bought a new position in Southern Missouri Bancorp in the 1st quarter worth about $861,000. Bailard Inc. bought a new position in Southern Missouri Bancorp in the second quarter worth approximately $293,000. Bank of New York Mellon Corp increased its holdings in Southern Missouri Bancorp by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 52,423 shares of the savings and loans company's stock worth $2,360,000 after purchasing an additional 3,282 shares during the period. Vanguard Group Inc. increased its holdings in Southern Missouri Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company's stock worth $25,300,000 after purchasing an additional 3,821 shares during the period. Finally, Empowered Funds LLC raised its position in Southern Missouri Bancorp by 7.4% during the 1st quarter. Empowered Funds LLC now owns 17,701 shares of the savings and loans company's stock valued at $774,000 after purchasing an additional 1,225 shares in the last quarter. Hedge funds and other institutional investors own 49.49% of the company's stock.

Southern Missouri Bancorp Stock Up 2.6 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The company has a fifty day simple moving average of $56.72 and a two-hundred day simple moving average of $49.05. The firm has a market capitalization of $689.77 million, a PE ratio of 13.87 and a beta of 0.96.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $74.55 million during the quarter, compared to analysts' expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.61% and a net margin of 18.37%. Analysts forecast that Southern Missouri Bancorp, Inc. will post 4.7 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.50%. Southern Missouri Bancorp's dividend payout ratio is presently 20.86%.

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.