Southern Missouri Bancorp (SMBC) Downgraded to Sell at BidaskClub
BidaskClub lowered shares of Southern Missouri Bancorp (NASDAQ:SMBC) from a hold rating to a sell rating in a report published on Thursday.
Southern Missouri Bancorp (NASDAQ SMBC) traded down $0.25 during mid-day trading on Thursday, hitting $35.05. 8,200 shares of the company were exchanged, compared to its average volume of 9,004. Southern Missouri Bancorp has a 52-week low of $30.30 and a 52-week high of $40.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $303.89, a PE ratio of 16.08 and a beta of 0.67.
Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $18.88 million during the quarter. Southern Missouri Bancorp had a net margin of 21.80% and a return on equity of 10.82%.
In other Southern Missouri Bancorp news, Director Dennis C. Robison sold 4,780 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $39.04, for a total value of $186,611.20. Following the completion of the sale, the director now directly owns 2,387 shares of the company’s stock, valued at approximately $93,188.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP William D. Hribovsek sold 1,912 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $39.23, for a total transaction of $75,007.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,153 shares of company stock valued at $595,180. 17.86% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Jacobs Asset Management LLC boosted its position in Southern Missouri Bancorp by 4.0% in the 3rd quarter. Jacobs Asset Management LLC now owns 537,829 shares of the savings and loans company’s stock valued at $19,625,000 after buying an additional 20,883 shares during the period. BlackRock Inc. boosted its position in Southern Missouri Bancorp by 3.0% in the 4th quarter. BlackRock Inc. now owns 299,792 shares of the savings and loans company’s stock valued at $11,271,000 after buying an additional 8,792 shares during the period. Vanguard Group Inc. boosted its position in Southern Missouri Bancorp by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 224,205 shares of the savings and loans company’s stock valued at $7,233,000 after buying an additional 6,126 shares during the period. State Street Corp boosted its position in Southern Missouri Bancorp by 31.2% in the 2nd quarter. State Street Corp now owns 103,687 shares of the savings and loans company’s stock valued at $3,342,000 after buying an additional 24,652 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Southern Missouri Bancorp by 13.4% in the 4th quarter. Renaissance Technologies LLC now owns 103,300 shares of the savings and loans company’s stock valued at $3,883,000 after buying an additional 12,200 shares during the period. 48.47% of the stock is owned by institutional investors.
About Southern Missouri Bancorp
Southern Missouri Bancorp, Inc is the holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of attracting retail deposits from the public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines (FHLB), and brokered deposits.
Receive News & Ratings for Southern Missouri Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Missouri Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.