Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $81.75.

A number of analysts have recently weighed in on SMBC shares. Raymond James Financial assumed coverage on Southern Missouri Bancorp in a research report on Tuesday, September 1st. They set a “market perform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Keefe, Bruyette & Woods boosted their price objective on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Stephens downgraded Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research note on Thursday, August 6th. Finally, Wall Street Zen raised Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ:SMBC opened at $71.15 on Wednesday. The company has a market cap of $783.36 million, a PE ratio of 11.07 and a beta of 0.87. Southern Missouri Bancorp has a fifty-two week low of $49.68 and a fifty-two week high of $79.86. The firm has a 50-day simple moving average of $72.74 and a 200 day simple moving average of $72.06. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.31. Southern Missouri Bancorp had a net margin of 22.63% and a return on equity of 12.59%. The firm had revenue of $51.76 million for the quarter, compared to analysts’ expectations of $51.14 million. On average, sell-side analysts anticipate that Southern Missouri Bancorp will post 6.66 EPS for the current year.

Hedge Funds Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of SMBC. Nisa Investment Advisors LLC boosted its position in shares of Southern Missouri Bancorp by 121.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the savings and loans company’s stock worth $121,000 after buying an additional 941 shares during the period. Sequoia Financial Advisors LLC bought a new position in Southern Missouri Bancorp in the 2nd quarter worth approximately $335,000. Susquehanna Fundamental Investments LLC bought a new position in Southern Missouri Bancorp in the 2nd quarter worth approximately $454,000. Hsbc Holdings PLC increased its position in Southern Missouri Bancorp by 33.6% in the 2nd quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock valued at $1,496,000 after acquiring an additional 4,924 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Southern Missouri Bancorp in the 2nd quarter valued at approximately $3,512,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

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.