Southern Missouri Bancorp (NASDAQ:SMBC) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) issued its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.05, Zacks reports. The firm had revenue of $50.25 million for the quarter, compared to analysts' expectations of $49.98 million. Southern Missouri Bancorp had a return on equity of 12.14% and a net margin of 21.36%.

Southern Missouri Bancorp Stock Down 0.5%

SMBC traded down $0.36 during trading on Friday, hitting $69.22. 60,060 shares of the company's stock traded hands, compared to its average volume of 72,211. The stock has a market capitalization of $769.03 million, a price-to-earnings ratio of 11.56 and a beta of 0.89. The company's 50 day simple moving average is $64.78 and its two-hundred day simple moving average is $61.08. Southern Missouri Bancorp has a 12-month low of $47.60 and a 12-month high of $70.10. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22.

Southern Missouri Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 15th. Southern Missouri Bancorp's dividend payout ratio (DPR) is currently 16.69%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director Charles R. Love sold 580 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total transaction of $37,120.00. Following the transaction, the director directly owned 15,220 shares of the company's stock, valued at $974,080. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 15.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Southern Missouri Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company's stock valued at $296,000 after purchasing an additional 234 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Southern Missouri Bancorp by 64.8% during the third quarter. BNP Paribas Financial Markets now owns 5,498 shares of the savings and loans company's stock valued at $289,000 after purchasing an additional 2,161 shares during the period. Polymer Capital Management US LLC purchased a new stake in Southern Missouri Bancorp in the third quarter worth approximately $277,000. Magnetar Financial LLC purchased a new stake in Southern Missouri Bancorp in the fourth quarter worth approximately $248,000. Finally, EntryPoint Capital LLC bought a new stake in Southern Missouri Bancorp in the 4th quarter worth approximately $221,000. Hedge funds and other institutional investors own 49.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Stephens reissued an "overweight" rating and issued a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a report on Friday, April 24th. Keefe, Bruyette & Woods raised their price target on Southern Missouri Bancorp from $64.00 to $65.00 and gave the company a "market perform" rating in a report on Thursday, April 9th. Weiss Ratings raised Southern Missouri Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $71.00 price target (up from $68.00) on shares of Southern Missouri Bancorp in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.67.

Southern Missouri Bancorp Company Profile

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.