Southern Missouri Bancorp (NASDAQ:SMBC) Rating Lowered to “Equal Weight” at Stephens

Southern Missouri Bancorp (NASDAQ:SMBC) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Thursday, Marketbeat.com reports. They presently have a $85.00 price target on the savings and loans company’s stock. Stephens’ price target suggests a potential upside of 7.79% from the stock’s previous close.

SMBC has been the topic of several other reports. Wall Street Zen raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Keefe, Bruyette & Woods lifted their price target on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, Piper Sandler reissued a “neutral” rating and set a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.67.

Southern Missouri Bancorp Price Performance

NASDAQ SMBC opened at $78.86 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. Southern Missouri Bancorp has a 1 year low of $47.60 and a 1 year high of $79.86. The company has a market cap of $869.04 million, a PE ratio of 12.26 and a beta of 0.86. The stock’s 50-day moving average price is $74.36 and its two-hundred day moving average price is $68.25.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.52 by $0.31. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. The company had revenue of $51.77 million during the quarter, compared to analysts’ expectations of $51.14 million. On average, analysts predict that Southern Missouri Bancorp will post 6.9 EPS for the current year.

Insider Activity

In other news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the transaction, the executive vice president directly owned 5,375 shares in the company, valued at $374,637.50. The trade was a 27.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.81% of the stock is owned by company insiders.

Institutional Trading of Southern Missouri Bancorp

A number of institutional investors have recently bought and sold shares of SMBC. Royal Bank of Canada increased its position in Southern Missouri Bancorp by 124.7% in the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after purchasing an additional 313 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Southern Missouri Bancorp by 105.7% in the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock worth $42,000 after buying an additional 369 shares during the last quarter. Quarry LP bought a new position in Southern Missouri Bancorp during the third quarter valued at approximately $66,000. Raymond James Financial Inc. acquired a new stake in Southern Missouri Bancorp in the second quarter valued at approximately $93,000. Finally, Strs Ohio bought a new stake in Southern Missouri Bancorp in the first quarter worth approximately $94,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

About Southern Missouri Bancorp

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.