Southern Missouri Bancorp (NASDAQ:SMBC) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) released its earnings results on Wednesday. The savings and loans company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.64 by $0.09, FiscalAI reports. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. The company had revenue of $53.09 million during the quarter, compared to analysts’ expectations of $52.60 million.

Southern Missouri Bancorp Stock Down 1.0%

NASDAQ SMBC traded down $0.69 on Wednesday, hitting $70.46. 105,329 shares of the stock traded hands, compared to its average volume of 86,714. The stock has a 50-day moving average of $72.74 and a 200 day moving average of $72.06. Southern Missouri Bancorp has a twelve month low of $50.00 and a twelve month high of $79.86. The company has a market capitalization of $775.76 million, a P/E ratio of 10.96 and a beta of 0.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SMBC. Piper Sandler restated a “neutral” rating and issued a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Hovde Group started coverage on shares of Southern Missouri Bancorp in a research note on Monday, October 5th. They set a “market perform” rating and a $76.00 price objective on the stock. Raymond James Financial began coverage on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. They set a “market perform” rating for the company. Finally, Benchmark raised shares of Southern Missouri Bancorp to a “strong-buy” rating in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Southern Missouri Bancorp has an average rating of “Hold” and a consensus target price of $81.75.

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.