Southern Missouri Bancorp (NASDAQ:SMBC) Announces Earnings Results, Beats Estimates By $0.31 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) released 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 return on equity of 12.05% and a net margin of 21.36%.The firm had revenue of $51.77 million during the quarter, compared to analysts’ expectations of $51.14 million.

Southern Missouri Bancorp Stock Down 1.4%

Shares of NASDAQ:SMBC traded down $1.08 on Wednesday, hitting $75.41. 71,273 shares of the company’s stock were exchanged, compared to its average volume of 84,133. Southern Missouri Bancorp has a 1-year low of $47.60 and a 1-year high of $78.48. The company has a market capitalization of $831.02 million, a PE ratio of 12.59 and a beta of 0.86. 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’s 50-day moving average is $72.26 and its 200 day moving average is $66.86.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 buying an additional 234 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Southern Missouri Bancorp by 64.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,498 shares of the savings and loans company’s stock valued at $289,000 after buying an additional 2,161 shares during the last quarter. Polymer Capital Management US LLC purchased a new position in shares of Southern Missouri Bancorp during the third quarter worth about $277,000. Magnetar Financial LLC acquired a new stake in shares of Southern Missouri Bancorp during the fourth quarter worth about $248,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Southern Missouri Bancorp in the 4th quarter valued at about $221,000. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Wall Street Zen downgraded shares of Southern Missouri Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Piper Sandler reissued a “neutral” rating and issued a $79.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.33.

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.