Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Given Consensus Recommendation of “Hold” by Analysts

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $83.6667.

SMBC has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Stephens lowered Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research report on Thursday, August 6th. Wall Street Zen raised Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Piper Sandler restated a “neutral” rating and set a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods raised their price objective on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th.

Insider Buying and Selling

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. 15.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 during the last quarter. Royal Bank of Canada raised its position in Southern Missouri Bancorp by 124.7% in the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after purchasing an additional 313 shares during the period. Allworth Financial LP bought a new stake in Southern Missouri Bancorp in the second quarter worth about $26,000. NewEdge Advisors LLC lifted its stake in Southern Missouri Bancorp by 105.7% in the fourth quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock worth $42,000 after purchasing an additional 369 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Southern Missouri Bancorp by 2.2% during the fourth quarter. Swiss National Bank now owns 18,953 shares of the savings and loans company’s stock valued at $1,121,000 after buying an additional 400 shares during the period. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Price Performance

Shares of SMBC stock traded down $0.96 on Tuesday, reaching $72.63. The company’s stock had a trading volume of 81,687 shares, compared to its average volume of 86,087. The stock’s fifty day simple moving average is $76.18 and its 200-day simple moving average is $69.83. Southern Missouri Bancorp has a 1 year low of $47.60 and a 1 year high of $79.86. The company has a market capitalization of $800.38 million, a price-to-earnings ratio of 11.30 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.31. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. The company had revenue of $51.77 million for the quarter, compared to the consensus estimate of $51.14 million. Analysts forecast that Southern Missouri Bancorp will post 6.9 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a $0.27 dividend. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 14th. Southern Missouri Bancorp’s dividend payout ratio is 16.80%.

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.