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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.14 and traded as high as $69.32. Southern Missouri Bancorp shares last traded at $67.50, with a volume of 99,041 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SMBC. Weiss Ratings raised Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods raised their price objective on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Stephens reissued an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Finally, Piper Sandler reissued a “neutral” rating and set a $71.00 price objective (up from $68.00) on shares of Southern Missouri Bancorp in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.67.

Southern Missouri Bancorp Trading Up 1.0%

The company has a market capitalization of $768.09 million, a PE ratio of 11.64 and a beta of 0.88. 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 stock has a fifty day moving average of $67.36 and a two-hundred day moving average of $63.29.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. The company had revenue of $50.25 million for the quarter, compared to analysts’ expectations of $49.98 million. Southern Missouri Bancorp had a return on equity of 12.05% and a net margin of 21.36%. As a group, sell-side analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.25 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. Southern Missouri Bancorp’s payout ratio is 16.69%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $68.47, for a total value of $136,940.00. Following the transaction, the executive vice president directly owned 5,375 shares of the company’s stock, valued at $368,026.25. The trade was a 27.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Southern Missouri Bancorp by 18.2% in the 1st quarter. Bank of America Corp DE now owns 25,786 shares of the savings and loans company’s stock worth $1,649,000 after purchasing an additional 3,974 shares during the period. Royal Bank of Canada increased its stake in Southern Missouri Bancorp by 124.7% in the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after purchasing an additional 313 shares during the period. Empowered Funds LLC increased its stake in Southern Missouri Bancorp by 3.3% in the 1st quarter. Empowered Funds LLC now owns 46,088 shares of the savings and loans company’s stock worth $2,947,000 after purchasing an additional 1,492 shares during the period. Quantinno Capital Management LP increased its stake in Southern Missouri Bancorp by 57.8% in the 1st quarter. Quantinno Capital Management LP now owns 12,326 shares of the savings and loans company’s stock worth $788,000 after purchasing an additional 4,517 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Southern Missouri Bancorp by 9.2% in the 1st quarter. Lazard Asset Management LLC now owns 41,560 shares of the savings and loans company’s stock worth $2,657,000 after buying an additional 3,503 shares during the last quarter. 49.49% of the stock is 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.