Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Stock Now Rated “Hold” by Sell-Side Brokerages

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $81.75.

Several equities analysts have commented on SMBC shares. Wall Street Zen raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Hovde Group assumed coverage on shares of Southern Missouri Bancorp in a research note on Monday, October 5th. They issued a “market perform” rating and a $76.00 price target for the company. Stephens cut shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a report on Thursday, August 6th. Finally, Benchmark upgraded shares of Southern Missouri Bancorp to a “strong-buy” rating in a report on Wednesday, September 23rd.

Institutional Investors Weigh In On Southern Missouri Bancorp

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Southern Missouri Bancorp in the second quarter worth approximately $85,270,000. The Manufacturers Life Insurance Company acquired a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at $18,079,000. Raffles Associates LP acquired a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at $16,092,000. Empowered Funds LLC acquired a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at $3,512,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Southern Missouri Bancorp in the 2nd quarter worth $3,461,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ SMBC opened at $71.15 on Wednesday. Southern Missouri Bancorp has a fifty-two week low of $49.68 and a fifty-two week high of $79.86. The firm’s 50-day simple moving average is $72.74 and its 200 day simple moving average is $72.06. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. The stock has a market cap of $783.36 million, a P/E ratio of 11.07 and a beta of 0.87.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.31. The business had revenue of $51.76 million during the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.59%. Equities analysts expect that Southern Missouri Bancorp will post 6.66 EPS for the current year.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. It operates primarily through Southern Bank, a community-focused financial institution that provides banking services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, and commercial loans. Its services also include online and mobile banking, treasury and cash-management solutions, and other financial products designed to support personal and business customers.

The bank traces its history to 1887 and serves communities across Missouri and neighboring markets through a network of banking offices and digital channels.