Southern Missouri Bancorp (NASDAQ:SMBC) Posts Earnings Results

Southern Missouri Bancorp (NASDAQ:SMBC) released its quarterly earnings results on Wednesday. The savings and loans company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06, Zacks reports. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.57%.

Southern Missouri Bancorp Stock Up 5.2%

Shares of NASDAQ SMBC traded up $3.15 during midday trading on Wednesday, reaching $63.72. The company’s stock had a trading volume of 50,405 shares, compared to its average volume of 42,008. The stock has a 50 day simple moving average of $58.87 and a 200-day simple moving average of $56.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $713.66 million, a price-to-earnings ratio of 11.67 and a beta of 0.98. Southern Missouri Bancorp has a fifty-two week low of $45.10 and a fifty-two week high of $63.84.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler set a $60.50 price target on Southern Missouri Bancorp and gave the stock a “neutral” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods increased their target price on Southern Missouri Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Southern Missouri Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Southern Missouri Bancorp has an average rating of “Hold” and a consensus price target of $62.83.

Insiders Place Their Bets

In related news, Director William E. Young sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $53.87, for a total transaction of $80,805.00. Following the sale, the director owned 93,552 shares in the company, valued at approximately $5,039,646.24. This represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 bought and sold shares of SMBC. Quarry LP acquired a new position in shares of Southern Missouri Bancorp in the third quarter valued at about $66,000. Raymond James Financial Inc. acquired a new position in shares of Southern Missouri Bancorp during the 2nd quarter worth approximately $93,000. Strs Ohio bought a new position in shares of Southern Missouri Bancorp during the first quarter worth approximately $94,000. Aquatic Capital Management LLC raised its position in shares of Southern Missouri Bancorp by 140.8% in 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 buying an additional 1,138 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Southern Missouri Bancorp by 720.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,608 shares of the savings and loans company’s stock valued at $143,000 after buying an additional 2,290 shares during the period. 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.