Southern Missouri Bancorp (NASDAQ:SMBC) Sets New 1-Year High Following Better-Than-Expected Earnings

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) shares hit a new 52-week high on Wednesday following a better than expected earnings announcement. The company traded as high as $63.84 and last traded at $63.3950, with a volume of 27077 shares trading hands. The stock had previously closed at $60.57.

The savings and loans company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.57%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Southern Missouri Bancorp

In related news, Director William E. Young sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $53.87, for a total value of $80,805.00. Following the sale, the director directly owned 93,552 shares in the company, valued at $5,039,646.24. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Southern Missouri Bancorp by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 432,463 shares of the savings and loans company’s stock valued at $22,731,000 after purchasing an additional 4,037 shares in the last quarter. FJ Capital Management LLC increased its stake in Southern Missouri Bancorp by 6.4% during the 3rd quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock valued at $15,818,000 after buying an additional 18,002 shares during the period. Clayton Financial Group LLC bought a new stake in shares of Southern Missouri Bancorp during the 4th quarter worth about $16,579,000. American Century Companies Inc. lifted its stake in shares of Southern Missouri Bancorp by 10.3% in the 3rd quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock worth $14,476,000 after acquiring an additional 25,751 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Southern Missouri Bancorp by 4.9% in the second quarter. Geode Capital Management LLC now owns 230,664 shares of the savings and loans company’s stock valued at $12,638,000 after acquiring an additional 10,802 shares in the last quarter. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Stock Up 5.2%

The firm has a market capitalization of $713.66 million, a P/E ratio of 11.67 and a beta of 0.98. The firm’s fifty day moving average price is $58.87 and its 200-day moving average price is $56.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99.

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.