Southern Missouri Bancorp (NASDAQ:SMBC) Shares Gap Down – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares gapped down before the market opened on Monday . The stock had previously closed at $63.87, but opened at $60.28. Southern Missouri Bancorp shares last traded at $60.9450, with a volume of 4,307 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SMBC shares. Piper Sandler reaffirmed a “neutral” rating and issued a $68.00 price objective (up previously from $61.00) on shares of Southern Missouri Bancorp in a research note on Monday. Stephens restated an “overweight” rating and issued a $73.00 target price (up previously from $71.00) on shares of Southern Missouri Bancorp in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Southern Missouri Bancorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Southern Missouri Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.00.

Southern Missouri Bancorp Stock Down 0.3%

The firm has a market cap of $677.38 million, a P/E ratio of 10.46 and a beta of 0.98. The stock’s 50 day simple moving average is $59.35 and its two-hundred day simple moving average is $56.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Wednesday, January 21st. The savings and loans company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $49.65 million during the quarter, compared to analyst estimates of $49.79 million. Southern Missouri Bancorp had a return on equity of 12.04% and a net margin of 20.80%. As a group, research analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, February 13th. Southern Missouri Bancorp’s dividend payout ratio is 17.30%.

Insider Transactions at Southern Missouri Bancorp

In other news, Director William E. Young sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $53.87, for a total value of $80,805.00. Following the sale, the director directly owned 93,552 shares in the company, valued at approximately $5,039,646.24. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in shares of Southern Missouri Bancorp by 122.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company’s stock valued at $501,000 after purchasing an additional 5,306 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 worth $296,000 after acquiring an additional 234 shares in the last quarter. Empowered Funds LLC grew its holdings in Southern Missouri Bancorp by 8.2% in the first 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 stake in Southern Missouri Bancorp in the 1st quarter worth $740,000. Finally, Strs Ohio acquired a new position in shares of Southern Missouri Bancorp during the 1st quarter worth about $94,000. Hedge funds and other institutional investors own 49.49% of the company’s stock.

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.