Southern Missouri Bancorp (NASDAQ:SMBC) Stock Rating Lowered by Wall Street Zen

Southern Missouri Bancorp (NASDAQ:SMBC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Several other research analysts have also recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Piper Sandler reaffirmed a “neutral” rating and set a $79.00 price target (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, June 26th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Stephens reissued an “overweight” rating and issued a $76.00 price objective (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.33.

Southern Missouri Bancorp Stock Performance

Shares of SMBC traded down $0.33 during midday trading on Friday, hitting $74.42. 52,848 shares of the stock traded hands, compared to its average volume of 120,526. Southern Missouri Bancorp has a 1-year low of $47.60 and a 1-year high of $78.47. The firm has a market capitalization of $820.11 million, a PE ratio of 12.42 and a beta of 0.86. 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’s 50 day moving average price is $71.18 and its two-hundred day moving average price is $66.04.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Wednesday, April 22nd. The savings and loans company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.05. The business had revenue of $50.25 million for the quarter, compared to analysts’ expectations of $49.98 million. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. Equities research analysts predict that Southern Missouri Bancorp will post 6.25 EPS for the current fiscal year.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were 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. This represents a 27.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 15.81% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMBC. Royal Bank of Canada boosted its stake in Southern Missouri Bancorp by 124.7% during the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after purchasing an additional 313 shares in the last quarter. NewEdge Advisors LLC raised its stake 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 worth $42,000 after buying an additional 369 shares in the last quarter. Quarry LP bought a new stake in shares of Southern Missouri Bancorp in the 3rd quarter worth $66,000. Raymond James Financial Inc. acquired a new stake in shares of Southern Missouri Bancorp in the second quarter valued at $93,000. Finally, Strs Ohio acquired a new stake in shares of Southern Missouri Bancorp in the first quarter valued at $94,000. 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.