Southern Missouri Bancorp (NASDAQ:SMBC) Shares Break Below Fifty Day Moving Average – Should You Sell?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $71.99 and traded as low as $71.22. Southern Missouri Bancorp shares last traded at $71.49, with a volume of 94,042 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SMBC. Benchmark raised Southern Missouri Bancorp to a “strong-buy” rating in a report on Wednesday, September 23rd. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Piper Sandler cut their target price on Southern Missouri Bancorp from $83.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday, October 26th. Raymond James Financial assumed coverage on Southern Missouri Bancorp in a research report on Tuesday, September 1st. They issued a “market perform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Southern Missouri Bancorp currently has an average rating of “Hold” and an average price target of $79.50.

Southern Missouri Bancorp Stock Down 1.1%

The firm has a market capitalization of $787.10 million, a price-to-earnings ratio of 10.54 and a beta of 0.80. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $71.99 and a 200 day moving average price of $69.67.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $53.09 million during the quarter, compared to analyst estimates of $52.60 million. Southern Missouri Bancorp had a return on equity of 13.02% and a net margin of 23.47%. Sell-side analysts anticipate that Southern Missouri Bancorp, Inc. will post 6.69 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. Southern Missouri Bancorp’s dividend payout ratio is 15.93%.

Institutional Trading of Southern Missouri Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its holdings in Southern Missouri Bancorp by 1,964.5% during the third quarter. Sterling Capital Management LLC now owns 3,778 shares of the savings and loans company’s stock worth $268,000 after purchasing an additional 3,595 shares during the period. Nisa Investment Advisors LLC increased its position in Southern Missouri Bancorp by 121.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the savings and loans company’s stock worth $121,000 after buying an additional 941 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Southern Missouri Bancorp during the second quarter worth approximately $335,000. Susquehanna Fundamental Investments LLC bought a new stake in Southern Missouri Bancorp in the second quarter valued at approximately $454,000. Finally, Hsbc Holdings PLC raised its stake in Southern Missouri Bancorp by 33.6% in the second quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock valued at $1,496,000 after buying an additional 4,924 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.