Southern Missouri Bancorp (NASDAQ:SMBC) Hits New 12-Month High - Time to Buy?

Key Points

• Southern Missouri Bancorp hit a new 52-week high, trading as high as $70.35 after its recent rally. The stock has been moving above its 50-day and 200-day averages, signaling strong recent momentum.
• The company reported better-than-expected quarterly earnings, posting $1.60 EPS versus the $1.55 consensus and slightly topping revenue estimates as well. Analysts now expect full-year EPS of 6.25.
• Wall Street sentiment is mixed but constructive: the stock carries a Moderate Buy consensus with a target price of about $70.67. The company also pays a quarterly dividend of $0.25 per share, yielding about 1.4%.

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $70.35 and last traded at $69.6660, with a volume of 9641 shares. The stock had previously closed at $68.99.

Wall Street Analyst Weigh In

SMBC has been the subject of a number of research reports. Weiss Ratings upgraded Southern Missouri Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Piper Sandler reaffirmed a "neutral" rating and issued a $71.00 target price (up from $68.00) on shares of Southern Missouri Bancorp in a report on Monday, April 27th. Stephens reiterated an "overweight" rating and issued a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a "market perform" rating in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.67.

Southern Missouri Bancorp Price Performance

The business's 50 day moving average is $66.27 and its two-hundred day moving average is $62.53. The firm has a market cap of $767.38 million, a P/E ratio of 11.62 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22.

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

Southern Missouri Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 1.4%. Southern Missouri Bancorp's dividend payout ratio (DPR) is currently 16.69%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $68.47, for a total transaction of $136,940.00. Following the transaction, the executive vice president directly owned 5,375 shares in the company, valued at approximately $368,026.25. This represents a 27.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Love sold 580 shares of Southern Missouri Bancorp stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $64.00, for a total transaction of $37,120.00. Following the completion of the sale, the director owned 15,220 shares of the company's stock, valued at $974,080. This represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 15.81% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Southern Missouri Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company's stock valued at $296,000 after purchasing an additional 234 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Southern Missouri Bancorp by 124.7% during 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 in the last quarter. NewEdge Advisors LLC boosted its position in shares of Southern Missouri Bancorp by 105.7% during the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company's stock worth $42,000 after purchasing an additional 369 shares in the last quarter. Swiss National Bank grew its stake in shares of Southern Missouri Bancorp by 2.2% in the 4th quarter. Swiss National Bank now owns 18,953 shares of the savings and loans company's stock valued at $1,121,000 after buying an additional 400 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Southern Missouri Bancorp by 3.5% in the 2nd quarter. Rhumbline Advisers now owns 15,136 shares of the savings and loans company's stock valued at $829,000 after buying an additional 518 shares during the period. 49.49% of the stock is owned by institutional investors.

Southern Missouri Bancorp Company Profile

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.

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