Southern Missouri Bancorp (NASDAQ:SMBC) Shares Gap Down – Should You Sell?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) gapped down before the market opened on Tuesday . The stock had previously closed at $63.95, but opened at $62.34. Southern Missouri Bancorp shares last traded at $63.10, with a volume of 2,605 shares.

Wall Street Analyst Weigh In

SMBC has been the topic of a number of research reports. Piper Sandler upped their price target on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens increased their target price on Southern Missouri Bancorp from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Southern Missouri Bancorp Stock Down 1.6 %

The firm’s 50 day simple moving average is $62.69 and its two-hundred day simple moving average is $54.47. The firm has a market cap of $709.55 million, a price-to-earnings ratio of 14.46 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $74.55 million for the quarter, compared to analyst estimates of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. On average, equities analysts forecast that Southern Missouri Bancorp, Inc. will post 4.9 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, November 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 21.15%.

Insider Buying and Selling

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the transaction, the director now owns 48,649 shares of the company’s stock, valued at approximately $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in Southern Missouri Bancorp by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 52,423 shares of the savings and loans company’s stock valued at $2,360,000 after buying an additional 3,282 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter valued at $293,000. ACR Alpine Capital Research LLC grew its position in Southern Missouri Bancorp by 24.9% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 60,860 shares of the savings and loans company’s stock worth $2,739,000 after acquiring an additional 12,125 shares during the last quarter. Rhumbline Advisers raised its position in Southern Missouri Bancorp by 1.9% in the second quarter. Rhumbline Advisers now owns 14,347 shares of the savings and loans company’s stock valued at $646,000 after purchasing an additional 263 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Southern Missouri Bancorp by 11.1% during the second quarter. Victory Capital Management Inc. now owns 20,000 shares of the savings and loans company’s stock valued at $900,000 after purchasing an additional 2,000 shares in the last quarter. 49.49% of the stock is 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.