Southern Missouri Bancorp (NASDAQ:SMBC) Posts Earnings Results, Beats Estimates By $997.48 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) released its quarterly earnings results on Wednesday. The savings and loans company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $1.52 by $997.48, Zacks reports. Southern Missouri Bancorp had a return on equity of 11.92% and a net margin of 20.80%.

Southern Missouri Bancorp Stock Down 0.7%

NASDAQ:SMBC traded down $0.44 during trading hours on Wednesday, reaching $65.66. 74,094 shares of the company traded hands, compared to its average volume of 70,467. 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 business’s 50-day moving average price is $63.98 and its two-hundred day moving average price is $59.86. Southern Missouri Bancorp has a 1 year low of $47.60 and a 1 year high of $68.90. The stock has a market capitalization of $729.35 million, a P/E ratio of 11.36 and a beta of 0.92.

Analyst Upgrades and Downgrades

SMBC has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Weiss Ratings raised shares of Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Piper Sandler reissued a “neutral” rating and set a $68.00 price target (up from $61.00) on shares of Southern Missouri Bancorp in a research report on Monday, January 26th. Finally, Stephens reissued an “overweight” rating and set a $73.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Southern Missouri Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $68.67.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director Charles R. Love sold 580 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total transaction of $37,120.00. Following the completion of the transaction, the director directly owned 15,220 shares in the company, valued at $974,080. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of hedge funds have recently bought and sold shares of SMBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $296,000 after purchasing an additional 234 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Southern Missouri Bancorp by 64.8% in the third quarter. BNP Paribas Financial Markets now owns 5,498 shares of the savings and loans company’s stock worth $289,000 after buying an additional 2,161 shares during the last quarter. Polymer Capital Management US LLC bought a new position in shares of Southern Missouri Bancorp in the third quarter worth approximately $277,000. Magnetar Financial LLC purchased a new stake in shares of Southern Missouri Bancorp during the fourth quarter valued at approximately $248,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Southern Missouri Bancorp during the fourth quarter valued at approximately $221,000. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

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.