Southern Missouri Bancorp (NASDAQ:SMBC) Posts Earnings Results, Beats Expectations By $0.06 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) announced its quarterly earnings results on Wednesday. The savings and loans company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06, Zacks reports. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.57%.

Southern Missouri Bancorp Stock Performance

Shares of SMBC stock traded up $3.15 during trading hours on Wednesday, reaching $63.72. The company had a trading volume of 50,405 shares, compared to its average volume of 42,008. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The business has a fifty day moving average price of $58.87 and a 200-day moving average price of $56.05. Southern Missouri Bancorp has a one year low of $45.10 and a one year high of $63.84. The firm has a market cap of $713.66 million, a PE ratio of 11.67 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SMBC. Keefe, Bruyette & Woods upped their price objective on shares of Southern Missouri Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Southern Missouri Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler set a $60.50 price objective on Southern Missouri Bancorp and gave the company a “neutral” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Southern Missouri Bancorp has a consensus rating of “Hold” and a consensus price target of $62.83.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $53.87, for a total value of $80,805.00. Following the transaction, the director directly owned 93,552 shares of the company’s stock, valued at approximately $5,039,646.24. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.81% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Several hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in Southern Missouri Bancorp during the 3rd quarter valued at approximately $66,000. Raymond James Financial Inc. purchased a new stake in Southern Missouri Bancorp during the 2nd quarter valued at approximately $93,000. Strs Ohio bought a new stake in shares of Southern Missouri Bancorp during the first quarter valued at approximately $94,000. Aquatic Capital Management LLC raised its position in shares of Southern Missouri Bancorp by 140.8% during the third quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 1,138 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Southern Missouri Bancorp by 720.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,608 shares of the savings and loans company’s stock worth $143,000 after buying an additional 2,290 shares in the last quarter. Institutional investors 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.