Southern Missouri Bancorp (NASDAQ:SMBC) Shares Gap Down - What's Next?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $56.81, but opened at $54.00. Southern Missouri Bancorp shares last traded at $56.64, with a volume of 7,395 shares changing hands.

Analysts Set New Price Targets

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

Southern Missouri Bancorp Stock Up 2.5%

The firm has a 50 day moving average of $53.55 and a two-hundred day moving average of $54.62. The firm has a market capitalization of $656.74 million, a price-to-earnings ratio of 11.67 and a beta of 0.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24.

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 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. The business had revenue of $46.15 million for the quarter, compared to analyst estimates of $45.33 million. Southern Missouri Bancorp had a return on equity of 11.06% and a net margin of 18.76%. As a group, sell-side analysts anticipate that Southern Missouri Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, May 15th. Southern Missouri Bancorp's dividend payout ratio (DPR) is presently 18.47%.

Insider Buying and Selling

In other news, Director William E. Young sold 3,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $53.23, for a total transaction of $159,690.00. Following the completion of the transaction, the director directly owned 42,649 shares in the company, valued at $2,270,206.27. This trade represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.60% of the company's stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Southern Missouri Bancorp by 2.1% during the first quarter. Vanguard Group Inc. now owns 609,644 shares of the savings and loans company's stock worth $31,714,000 after acquiring an additional 12,358 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Southern Missouri Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 397,765 shares of the savings and loans company's stock worth $22,820,000 after purchasing an additional 18,623 shares in the last quarter. American Century Companies Inc. increased its holdings in Southern Missouri Bancorp by 10.5% in the first quarter. American Century Companies Inc. now owns 229,885 shares of the savings and loans company's stock worth $11,959,000 after purchasing an additional 21,788 shares in the last quarter. Franklin Resources Inc. increased its holdings in Southern Missouri Bancorp by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 109,664 shares of the savings and loans company's stock worth $6,291,000 after purchasing an additional 5,489 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased 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. 49.49% of the stock is currently owned by 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.