Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Receives Consensus Rating of “Hold” from Analysts

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $83.6667.

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Keefe, Bruyette & Woods raised their target price on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Raymond James Financial assumed coverage on Southern Missouri Bancorp in a research report on Tuesday, September 1st. They set a “market perform” rating on the stock. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Piper Sandler reissued a “neutral” rating and issued a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds have recently made changes to their positions in SMBC. AQR Capital Management LLC raised its holdings in Southern Missouri Bancorp by 122.9% in the first quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company’s stock valued at $501,000 after acquiring an additional 5,306 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Southern Missouri Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock worth $296,000 after acquiring an additional 234 shares in the last quarter. Empowered Funds LLC grew its holdings in Southern Missouri Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company’s stock worth $1,173,000 after acquiring an additional 1,702 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Southern Missouri Bancorp in the 1st quarter worth about $740,000. Finally, Strs Ohio bought a new stake in shares of Southern Missouri Bancorp in the 1st quarter worth about $94,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ:SMBC opened at $74.17 on Tuesday. The company has a market capitalization of $817.35 million, a price-to-earnings ratio of 11.53 and a beta of 0.85. The company has a 50 day moving average of $76.02 and a two-hundred day moving average of $70.15. Southern Missouri Bancorp has a 52-week low of $47.60 and a 52-week high of $79.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.31. The business had revenue of $51.77 million for the quarter, compared to analysts’ expectations of $51.14 million. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. As a group, analysts forecast that Southern Missouri Bancorp will post 6.78 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. Southern Missouri Bancorp’s dividend payout ratio is currently 16.80%.

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.