Southern Missouri Bancorp (NASDAQ:SMBC) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Southern Missouri Bancorp shares rose above their 200-day moving average, reaching $72.31 and last trading at $72.21, compared with a 200-day average of $70.98.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from MarketBeat, with an average price target of $83.67.
• The company exceeded quarterly earnings expectations, reporting $1.83 in EPS versus a $1.52 estimate, and increased its quarterly dividend to $0.27 per share, equivalent to a 1.5% yield.

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $70.98 and traded as high as $72.31. Southern Missouri Bancorp shares last traded at $72.21, with a volume of 108,291 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens lowered Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 target price for the company. in a research note on Thursday, August 6th. Wall Street Zen raised Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Raymond James Financial initiated coverage on Southern Missouri Bancorp in a research note on Tuesday, September 1st. They issued a "market perform" rating for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $83.67.

Southern Missouri Bancorp Stock Up 1.2%

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $795.25 million, a price-to-earnings ratio of 11.23 and a beta of 0.85. The business's 50-day moving average is $75.16 and its 200-day moving average is $70.98.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.31. The company had revenue of $51.76 million for the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. As a group, equities analysts predict that Southern Missouri Bancorp, Inc. will post 6.78 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.5%. This is a positive change from Southern Missouri Bancorp's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, August 14th. Southern Missouri Bancorp's dividend payout ratio is 16.80%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new stake in Southern Missouri Bancorp in the 2nd quarter worth approximately $335,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter worth approximately $454,000. Hsbc Holdings PLC increased its holdings in shares of Southern Missouri Bancorp by 33.6% during the 2nd quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company's stock valued at $1,496,000 after purchasing an additional 4,924 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at approximately $3,512,000. Finally, Bank of America Corp DE acquired a new position in shares of Southern Missouri Bancorp in the 2nd quarter valued at $1,629,000. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is the bank holding company for Southern Bank, a community banking institution headquartered in Poplar Bluff, Missouri. Through Southern Bank, the company provides banking and financial services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, mortgage services, and treasury management solutions. Customers also have access to digital banking, online bill pay, mobile banking, and other standard personal and business banking services.

Southern Bank traces its history to 1887 and serves communities primarily in Missouri and neighboring areas, including parts of Arkansas.

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