Southern Missouri Bancorp (NASDAQ:SMBC) Raised to Hold at Wall Street Zen

Southern Missouri Bancorp (NASDAQ:SMBC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also recently commented on SMBC. Stephens reaffirmed an “overweight” rating and set a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Piper Sandler restated a “neutral” rating and issued a $79.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Finally, Keefe, Bruyette & Woods upped their target price 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. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Southern Missouri Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $73.33.

Southern Missouri Bancorp Stock Performance

NASDAQ:SMBC opened at $77.63 on Friday. Southern Missouri Bancorp has a 12 month low of $47.60 and a 12 month high of $79.13. The firm has a fifty day simple moving average of $72.84 and a 200-day simple moving average of $67.24. 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 company has a market capitalization of $855.48 million, a P/E ratio of 12.07 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share 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 firm had revenue of $51.77 million for the quarter, compared to analyst estimates of $51.14 million. On average, equities research analysts anticipate that Southern Missouri Bancorp will post 6.85 earnings per share for the current year.

Insider Buying and Selling

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $69.70, for a total value of $139,400.00. Following the sale, the executive vice president directly owned 5,375 shares of the company’s stock, valued at approximately $374,637.50. This represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Southern Missouri Bancorp by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock worth $28,187,000 after buying an additional 11,946 shares during the last quarter. FJ Capital Management LLC raised its position in Southern Missouri Bancorp by 6.4% during the third quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock valued at $15,818,000 after acquiring an additional 18,002 shares in the last quarter. Clayton Financial Group LLC purchased a new position in Southern Missouri Bancorp during the fourth quarter valued at approximately $16,579,000. State Street Corp lifted its holdings in Southern Missouri Bancorp by 29.2% in the fourth quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock valued at $16,312,000 after acquiring an additional 62,355 shares during the period. Finally, Millennium Management LLC lifted its holdings in Southern Missouri Bancorp by 86.5% in the third quarter. Millennium Management LLC now owns 100,724 shares of the savings and loans company’s stock valued at $5,294,000 after acquiring an additional 46,730 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.