Southern Missouri Bancorp (NASDAQ:SMBC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Southern Missouri Bancorp (NASDAQ:SMBC) from a sell rating to a hold rating in a research report report published on Saturday.

Several other research analysts have also weighed in on SMBC. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Keefe, Bruyette & Woods lifted 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. Piper Sandler reaffirmed a “neutral” rating and issued a $79.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Finally, Stephens reaffirmed an “overweight” rating and issued a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.67.

Southern Missouri Bancorp Stock Performance

Southern Missouri Bancorp stock opened at $77.55 on Friday. The firm has a 50 day simple moving average of $73.04 and a 200-day simple moving average of $67.36. Southern Missouri Bancorp has a 1-year low of $47.60 and a 1-year high of $79.13. 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 stock has a market cap of $854.60 million, a price-to-earnings ratio of 12.06 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.52 by $0.31. The firm had revenue of $51.77 million for the quarter, compared to analyst estimates of $51.14 million. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.72%. On average, analysts expect that Southern Missouri Bancorp will post 6.85 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, August 14th. Southern Missouri Bancorp’s payout ratio is currently 15.55%.

Insider Activity at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction on Friday, June 5th. The stock was sold at an average price of $69.70, for a total value of $139,400.00. Following the completion of the sale, the executive vice president directly owned 5,375 shares of the company’s stock, valued at approximately $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several hedge funds have recently bought and sold shares of SMBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 234 shares during the period. Royal Bank of Canada increased its stake in Southern Missouri Bancorp by 124.7% during the first 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. NewEdge Advisors LLC lifted its position in shares of Southern Missouri Bancorp by 105.7% during 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 in the last quarter. Swiss National Bank lifted 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 worth $1,121,000 after purchasing an additional 400 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Southern Missouri Bancorp by 3.5% in the second quarter. Rhumbline Advisers now owns 15,136 shares of the savings and loans company’s stock valued at $829,000 after purchasing an additional 518 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

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.