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

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.52 and traded as high as $56.14. Southern Missouri Bancorp shares last traded at $56.04, with a volume of 64,593 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an "overweight" rating and set a $65.00 price objective on shares of Southern Missouri Bancorp in a report on Tuesday, April 22nd.

Southern Missouri Bancorp Stock Performance

The firm has a market capitalization of $641.73 million, a PE ratio of 11.40 and a beta of 0.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. The company's fifty day simple moving average is $54.32 and its 200 day simple moving average is $54.49.

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

Insider Activity

In other news, Director William E. Young sold 3,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $53.23, for a total value of $159,690.00. Following the sale, the director directly owned 42,649 shares of the company's stock, valued at approximately $2,270,206.27. This represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.60% of the company's stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of SMBC. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Southern Missouri Bancorp in the fourth quarter worth about $5,228,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 60,953 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of 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 buying an additional 41,770 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 buying an additional 31,267 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Southern Missouri Bancorp in the first quarter worth about $1,298,000. 49.49% of the stock is owned by hedge funds and other institutional investors.

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.