Southern Missouri Bancorp (NASDAQ:SMBC) Shares Gap Up – Time to Buy?

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)’s share price gapped up prior to trading on Friday . The stock had previously closed at $55.68, but opened at $56.88. Southern Missouri Bancorp shares last traded at $57.35, with a volume of 1,227 shares changing hands.

Analyst Ratings Changes

Separately, Stephens began coverage on shares of Southern Missouri Bancorp in a report on Tuesday, August 13th. They issued an “overweight” rating and a $60.00 price target on the stock.

Southern Missouri Bancorp Price Performance

The company’s fifty day moving average price is $54.66 and its 200 day moving average price is $47.46. The company has a market capitalization of $665.74 million, a P/E ratio of 12.77 and a beta of 0.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Monday, July 29th. The savings and loans company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.93 by $0.26. Southern Missouri Bancorp had a net margin of 18.37% and a return on equity of 10.61%. The company had revenue of $42.86 million for the quarter, compared to analysts’ expectations of $40.18 million. As a group, sell-side analysts forecast that Southern Missouri Bancorp, Inc. will post 4.7 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.57%. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, August 15th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 20.04%.

Insider Activity at Southern Missouri Bancorp

In related news, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $49.57, for a total value of $247,850.00. Following the transaction, the director now directly owns 218,917 shares of the company’s stock, valued at $10,851,715.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $49.57, for a total value of $247,850.00. Following the transaction, the director now directly owns 218,917 shares of the company’s stock, valued at $10,851,715.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William E. Young sold 500 shares of Southern Missouri Bancorp stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $52.37, for a total transaction of $26,185.00. Following the completion of the transaction, the director now directly owns 223,917 shares in the company, valued at $11,726,533.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.41% of the stock is currently owned by insiders.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Southern Missouri Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 14,347 shares of the savings and loans company’s stock worth $646,000 after buying an additional 263 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Southern Missouri Bancorp in the first quarter worth $25,000. Creative Planning grew its stake in shares of Southern Missouri Bancorp by 20.9% in the third quarter. Creative Planning now owns 6,610 shares of the savings and loans company’s stock worth $373,000 after purchasing an additional 1,142 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Southern Missouri Bancorp by 7.4% in the first quarter. Empowered Funds LLC now owns 17,701 shares of the savings and loans company’s stock worth $774,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Southern Missouri Bancorp by 11.1% in the second quarter. Victory Capital Management Inc. now owns 20,000 shares of the savings and loans company’s stock worth $900,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 49.49% of the company’s stock.

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.