Southern Missouri Bancorp (NASDAQ:SMBC) Upgraded by Wall Street Zen to “Hold” Rating

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

A number of other equities analysts have also recently weighed in on SMBC. Piper Sandler restated a “neutral” rating and set a $79.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, June 26th. Stephens reiterated an “overweight” rating and issued a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Southern Missouri Bancorp has an average rating of “Moderate Buy” and a consensus target price of $73.33.

Southern Missouri Bancorp Trading Down 0.1%

Shares of SMBC stock opened at $77.63 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $855.48 million, a price-to-earnings ratio of 12.07 and a beta of 0.86. The stock has a 50 day simple moving average of $72.84 and a 200-day simple moving average of $67.19. Southern Missouri Bancorp has a 1-year low of $47.60 and a 1-year high of $79.13.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its 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 return on equity of 12.72% and a net margin of 22.63%.The firm had revenue of $51.77 million for the quarter, compared to analyst estimates of $51.14 million. On average, equities research analysts expect that Southern Missouri Bancorp will post 6.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp 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 sale, the executive vice president owned 5,375 shares of the company’s stock, valued at $374,637.50. The trade was a 27.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 15.81% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of hedge funds have recently modified their holdings of SMBC. Royal Bank of Canada lifted its stake in shares of Southern Missouri Bancorp by 124.7% in the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock worth $36,000 after buying an additional 313 shares in the last quarter. NewEdge Advisors LLC grew its stake in Southern Missouri Bancorp by 105.7% during the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company’s stock valued at $42,000 after acquiring an additional 369 shares in the last quarter. Quarry LP acquired a new stake in Southern Missouri Bancorp in the 3rd quarter valued at about $66,000. Raymond James Financial Inc. purchased a new position in Southern Missouri Bancorp in the 2nd quarter worth approximately $93,000. Finally, Strs Ohio purchased a new position in Southern Missouri Bancorp in the 1st quarter worth approximately $94,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

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.