Southern Missouri Bancorp (NASDAQ:SMBC) Issues Quarterly Earnings Results

Southern Missouri Bancorp (NASDAQ:SMBC) posted its earnings results on Wednesday. The savings and loans company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.52 by $0.31, FiscalAI reports. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. The firm had revenue of $51.77 million for the quarter, compared to analysts’ expectations of $51.14 million.

Southern Missouri Bancorp Price Performance

NASDAQ:SMBC traded down $1.08 during trading hours on Wednesday, hitting $75.41. The stock had a trading volume of 71,273 shares, compared to its average volume of 84,133. The company has a 50 day simple moving average of $72.26 and a two-hundred day simple moving average of $66.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. Southern Missouri Bancorp has a one year low of $47.60 and a one year high of $78.48. The firm has a market capitalization of $831.02 million, a price-to-earnings ratio of 12.59 and a beta of 0.86.

Insider Activity

In related news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction on Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the sale, the executive vice president owned 5,375 shares of the company’s stock, valued at approximately $374,637.50. This trade represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. bought a new stake in shares of Southern Missouri Bancorp during the 2nd quarter valued at about $305,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Southern Missouri Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock worth $296,000 after purchasing an additional 234 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Southern Missouri Bancorp by 64.8% in the third quarter. BNP Paribas Financial Markets now owns 5,498 shares of the savings and loans company’s stock worth $289,000 after purchasing an additional 2,161 shares during the last quarter. Polymer Capital Management US LLC purchased a new stake in Southern Missouri Bancorp in the third quarter valued at approximately $277,000. Finally, Magnetar Financial LLC purchased a new stake in Southern Missouri Bancorp in the fourth quarter valued at approximately $248,000. 49.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SMBC. Piper Sandler reiterated a “neutral” rating and set a $79.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, June 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Wall Street Zen lowered shares of Southern Missouri Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Stephens restated an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Southern Missouri Bancorp has a consensus rating of “Moderate Buy” and an average price target of $73.33.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.