Southern Missouri Bancorp (NASDAQ:SMBC) Cut to "Hold (C+)" at Weiss Ratings

Key Points

• Southern Missouri Bancorp has been downgraded from a "buy (b-)" to a "hold (c+)" rating by Weiss Ratings in a recent research report.
• Institutional investors collectively own 49.49% of Southern Missouri Bancorp's stock, highlighting significant institutional interest.
• The stock's current consensus target price is $64.67, with recent trading activity showing a market capitalization of $593.06 million.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a research report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also commented on SMBC. Keefe, Bruyette & Woods lifted their target price on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the stock a "market perform" rating in a report on Friday, July 25th. Piper Sandler initiated coverage on shares of Southern Missouri Bancorp in a report on Thursday, August 28th. They set a "neutral" rating and a $66.00 target price for the company. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $64.67.

Southern Missouri Bancorp Stock Performance

SMBC stock opened at $52.53 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50 day moving average price of $54.96 and a 200 day moving average price of $53.82. Southern Missouri Bancorp has a fifty-two week low of $45.10 and a fifty-two week high of $68.69. The stock has a market capitalization of $593.06 million, a PE ratio of 10.14 and a beta of 1.02.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The savings and loans company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.19%. The firm had revenue of $47.61 million during the quarter, compared to analysts' expectations of $46.60 million. Analysts forecast that Southern Missouri Bancorp will post 5.06 EPS for the current year.

Insider Activity

In other news, Director William E. Young sold 10,000 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $56.30, for a total value of $563,000.00. Following the completion of the transaction, the director owned 94,987 shares of the company's stock, valued at $5,347,768.10. The trade was a 9.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in SMBC. GAMMA Investing LLC grew its holdings in shares of Southern Missouri Bancorp by 7,404.9% in the 1st quarter. GAMMA Investing LLC now owns 4,578 shares of the savings and loans company's stock valued at $238,000 after buying an additional 4,517 shares during the period. Victory Capital Management Inc. boosted its stake in Southern Missouri Bancorp by 7.9% in the 1st quarter. Victory Capital Management Inc. now owns 20,380 shares of the savings and loans company's stock worth $1,060,000 after purchasing an additional 1,488 shares during the period. ACR Alpine Capital Research LLC boosted its stake in Southern Missouri Bancorp by 2.2% in the 1st quarter. ACR Alpine Capital Research LLC now owns 48,543 shares of the savings and loans company's stock worth $2,525,000 after purchasing an additional 1,067 shares during the period. Vanguard Group Inc. boosted its stake in Southern Missouri Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 609,644 shares of the savings and loans company's stock worth $31,714,000 after purchasing an additional 12,358 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Southern Missouri Bancorp by 10.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,226 shares of the savings and loans company's stock worth $532,000 after purchasing an additional 972 shares during the period. Institutional investors and hedge funds own 49.49% of the company's stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.