Southern Missouri Bancorp (NASDAQ:SMBC) Announces Quarterly Earnings Results

Southern Missouri Bancorp (NASDAQ:SMBC) posted its quarterly earnings data on Wednesday. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.31, FiscalAI reports. The company had revenue of $51.77 million for the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%.

Southern Missouri Bancorp Stock Down 1.4%

NASDAQ SMBC opened at $75.41 on Thursday. The stock’s 50 day simple moving average is $72.42 and its 200 day simple moving average is $66.98. Southern Missouri Bancorp has a one year low of $47.60 and a one year high of $78.48. The firm has a market cap of $831.02 million, a PE ratio of 12.59 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 16.69%.

Wall Street Analyst Weigh In

SMBC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Wall Street Zen cut Southern Missouri Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Piper Sandler reiterated a “neutral” rating and issued a $79.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, June 26th. Stephens reissued an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.33.

Insider Buying and Selling

In other news, EVP Richard Windes sold 2,000 shares of the stock in a transaction on Friday, June 5th. The stock was 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 in the company, valued at approximately $374,637.50. This represents a 27.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.81% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of large investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new position in Southern Missouri Bancorp during the 4th quarter worth $202,000. NewEdge Advisors LLC raised its position in shares of Southern Missouri Bancorp by 105.7% in 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 during the period. Empowered Funds LLC raised its position in shares of Southern Missouri Bancorp by 68.0% in the 4th quarter. Empowered Funds LLC now owns 44,596 shares of the savings and loans company’s stock valued at $2,637,000 after acquiring an additional 18,053 shares during the period. Zacks Investment Management bought a new position in Southern Missouri Bancorp during the 4th quarter worth approximately $318,000. Finally, Polymer Capital Management US LLC boosted its stake in Southern Missouri Bancorp by 20.9% during the 4th quarter. Polymer Capital Management US LLC now owns 6,375 shares of the savings and loans company’s stock worth $377,000 after acquiring an additional 1,102 shares during the last quarter. 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.