Southern Missouri Bancorp (NASDAQ:SMBC) Issues Earnings Results, Beats Estimates By $0.09 EPS

Key Points

• Southern Missouri Bancorp beat quarterly estimates: The company reported earnings of $1.73 per share, $0.09 above consensus, while revenue reached $53.09 million versus expectations of $52.60 million.
• The stock declined 1.0% to $70.46 during Wednesday’s trading session. Southern Missouri Bancorp has a market capitalization of approximately $775.8 million and a price-to-earnings ratio of 10.96.
• Analyst sentiment remains mixed: The stock carries a consensus “Hold” rating from MarketBeat, with an average price target of $81.75, despite ratings ranging from Strong Buy to Hold.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) issued its earnings results on Wednesday. The savings and loans company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.09, FiscalAI reports. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. The firm had revenue of $53.09 million for the quarter, compared to analysts' expectations of $52.60 million.

Southern Missouri Bancorp Stock Down 1.0%

Shares of NASDAQ SMBC traded down $0.69 during midday trading on Wednesday, reaching $70.46. 105,329 shares of the company's stock were exchanged, compared to its average volume of 86,714. Southern Missouri Bancorp has a 52-week low of $50.00 and a 52-week high of $79.86. The stock has a market capitalization of $775.76 million, a PE ratio of 10.96 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99. The business's fifty day moving average price is $72.74 and its two-hundred day moving average price is $72.06.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Hovde Group began coverage on shares of Southern Missouri Bancorp in a research report on Monday, October 5th. They set a "market perform" rating and a $76.00 price target for the company. Stephens cut shares of Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 price target for the company. in a research report on Thursday, August 6th. Raymond James Financial assumed coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They issued a "market perform" rating for the company. Finally, Benchmark raised Southern Missouri Bancorp to a "strong-buy" rating in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Southern Missouri Bancorp currently has a consensus rating of "Hold" and an average price target of $81.75.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. It operates primarily through Southern Bank, a community-focused financial institution that provides banking services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, and commercial loans. Its services also include online and mobile banking, treasury and cash-management solutions, and other financial products designed to support personal and business customers.

The bank traces its history to 1887 and serves communities across Missouri and neighboring markets through a network of banking offices and digital channels.

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