Southern Missouri Bancorp (NASDAQ:SMBC) Issues Earnings Results

Southern Missouri Bancorp (NASDAQ:SMBCGet Free Report) issued its quarterly 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. The company had revenue of $51.77 million for the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%.

Southern Missouri Bancorp Stock Performance

Shares of NASDAQ SMBC traded up $0.16 during trading hours on Friday, reaching $77.88. 13,271 shares of the stock were exchanged, compared to its average volume of 84,062. Southern Missouri Bancorp has a 52 week low of $47.60 and a 52 week high of $78.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $858.23 million, a price-to-earnings ratio of 12.08 and a beta of 0.86. The stock’s fifty day simple moving average is $72.62 and its 200 day simple moving average is $67.11.

Southern Missouri Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is currently 16.69%.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Southern Missouri Bancorp

Insider Activity at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the completion of the sale, the executive vice president owned 5,375 shares in the company, valued at approximately $374,637.50. This trade represents a 27.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several institutional investors have recently added to or reduced their stakes in SMBC. NewEdge Advisors LLC increased its holdings in Southern Missouri Bancorp by 105.7% during the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after purchasing an additional 369 shares during the period. Quarry LP bought a new stake in shares of Southern Missouri Bancorp during the 3rd quarter valued at $66,000. Raymond James Financial Inc. purchased a new position in Southern Missouri Bancorp during the 2nd quarter valued at about $93,000. Strs Ohio bought a new stake in Southern Missouri Bancorp during the first quarter worth about $94,000. Finally, Aquatic Capital Management LLC increased its stake in shares of Southern Missouri Bancorp by 140.8% during the third quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock valued at $102,000 after purchasing an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

(Get Free Report)

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.

See Also

Earnings History for Southern Missouri Bancorp (NASDAQ:SMBC)

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