Southern Missouri Bancorp (NASDAQ:SMBC) Sees Unusually-High Trading Volume - Here's What Happened

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 61,024 shares changed hands during mid-day trading, an increase of 91% from the previous session's volume of 31,994 shares.The stock last traded at $51.90 and had previously closed at $51.71.

Analysts Set New Price Targets

Separately, Stephens restated an "overweight" rating and issued a $65.00 target price on shares of Southern Missouri Bancorp in a research report on Tuesday, April 22nd.

Southern Missouri Bancorp Price Performance

The stock has a market capitalization of $614.04 million, a price-to-earnings ratio of 10.91 and a beta of 0.99. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $52.97 and a two-hundred day simple moving average of $54.93.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its earnings results on Monday, April 21st. The savings and loans company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. Southern Missouri Bancorp had a return on equity of 11.06% and a net margin of 18.76%. The firm had revenue of $46.15 million during the quarter, compared to the consensus estimate of $45.33 million. As a group, research analysts predict that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.69%. Southern Missouri Bancorp's dividend payout ratio (DPR) is presently 18.47%.

Insider Activity

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $53.23, for a total transaction of $159,690.00. Following the sale, the director now directly owns 42,649 shares of the company's stock, valued at $2,270,206.27. The trade was a 6.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.60% of the company's stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of large investors have recently bought and sold shares of SMBC. Mercer Global Advisors Inc. ADV bought a new stake in Southern Missouri Bancorp in the fourth quarter worth $5,228,000. JPMorgan Chase & Co. boosted its holdings in Southern Missouri Bancorp by 243.0% in the fourth quarter. JPMorgan Chase & Co. now owns 86,033 shares of the savings and loans company's stock worth $4,936,000 after purchasing an additional 60,953 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Southern Missouri Bancorp by 63.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 107,690 shares of the savings and loans company's stock worth $5,602,000 after purchasing an additional 41,770 shares in the last quarter. American Century Companies Inc. boosted its holdings in Southern Missouri Bancorp by 17.7% in the fourth quarter. American Century Companies Inc. now owns 208,097 shares of the savings and loans company's stock worth $11,939,000 after purchasing an additional 31,267 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Southern Missouri Bancorp in the first quarter worth $1,298,000. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Company Profile

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.