Southern Missouri Bancorp (NASDAQ:SMBC) Share Price Passes Above 200-Day Moving Average – Here’s Why

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.31 and traded as high as $60.50. Southern Missouri Bancorp shares last traded at $60.50, with a volume of 19,030 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Stephens reissued an “overweight” rating and set a $76.00 price target on shares of Southern Missouri Bancorp in a report on Tuesday, January 28th. Finally, Piper Sandler increased their price target on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $682.44 million, a PE ratio of 13.21 and a beta of 0.99. The firm has a 50 day moving average price of $58.74 and a 200 day moving average price of $58.31.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Monday, February 3rd. The savings and loans company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.56% and a net margin of 17.72%. Research analysts anticipate that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.52%. Southern Missouri Bancorp’s payout ratio is presently 20.09%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director Douglas Bagby sold 7,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $59.08, for a total value of $413,560.00. Following the completion of the sale, the director now owns 21,000 shares in the company, valued at approximately $1,240,680. This represents a 25.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Southern Missouri Bancorp by 1.0% during the third quarter. Geode Capital Management LLC now owns 217,753 shares of the savings and loans company’s stock valued at $12,304,000 after purchasing an additional 2,113 shares in the last quarter. American Century Companies Inc. grew its position in shares of Southern Missouri Bancorp by 17.7% during the fourth quarter. American Century Companies Inc. now owns 208,097 shares of the savings and loans company’s stock valued at $11,939,000 after purchasing an additional 31,267 shares in the last quarter. State Street Corp grew its position in shares of Southern Missouri Bancorp by 3.2% during the third quarter. State Street Corp now owns 198,201 shares of the savings and loans company’s stock valued at $11,196,000 after purchasing an additional 6,135 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Southern Missouri Bancorp by 5.3% during the fourth quarter. Franklin Resources Inc. now owns 109,664 shares of the savings and loans company’s stock valued at $6,291,000 after purchasing an additional 5,489 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Southern Missouri Bancorp by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 91,520 shares of the savings and loans company’s stock valued at $5,251,000 after purchasing an additional 1,563 shares in the last quarter. Hedge funds and other institutional investors own 49.49% of the company’s stock.

About Southern Missouri Bancorp

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.