Southern Missouri Bancorp (NASDAQ:SMBC) Upgraded by Wall Street Zen to Hold Rating

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

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods increased their price objective on Southern Missouri Bancorp from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. Piper Sandler reaffirmed a “neutral” rating and set a $79.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Thursday, June 4th. Finally, Stephens reissued an “overweight” rating and issued a $76.00 price target (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.33.

Southern Missouri Bancorp Price Performance

SMBC opened at $77.63 on Friday. The stock has a fifty day moving average of $72.84 and a 200-day moving average of $67.19. The firm has a market capitalization of $855.17 million, a P/E ratio of 12.07 and a beta of 0.86. Southern Missouri Bancorp has a 12-month low of $47.60 and a 12-month high of $79.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22.

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

Southern Missouri Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid 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 a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 16.80%.

Insider Buying and Selling

In related news, EVP Richard Windes sold 2,000 shares of the stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.81% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Southern Missouri Bancorp by 18.2% in the first quarter. Bank of America Corp DE now owns 25,786 shares of the savings and loans company’s stock worth $1,649,000 after purchasing an additional 3,974 shares in the last quarter. Royal Bank of Canada increased its position 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 buying an additional 313 shares during the last quarter. Empowered Funds LLC raised its holdings in Southern Missouri Bancorp by 3.3% during the first quarter. Empowered Funds LLC now owns 46,088 shares of the savings and loans company’s stock valued at $2,947,000 after buying an additional 1,492 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Southern Missouri Bancorp by 57.8% during the first quarter. Quantinno Capital Management LP now owns 12,326 shares of the savings and loans company’s stock valued at $788,000 after buying an additional 4,517 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Southern Missouri Bancorp by 9.2% in the first quarter. Lazard Asset Management LLC now owns 41,560 shares of the savings and loans company’s stock worth $2,657,000 after buying an additional 3,503 shares during the last quarter. 49.49% of the stock is owned by institutional investors.

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.