Southern Missouri Bancorp (NASDAQ:SMBC) Releases Earnings Results, Beats Estimates By $0.07 EPS

Southern Missouri Bancorp (NASDAQ:SMBC) posted its earnings results on Wednesday. The savings and loans company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07, FiscalAI reports. The firm had revenue of $53.09 million for the quarter, compared to analysts’ expectations of $52.60 million. Southern Missouri Bancorp had a net margin of 23.47% and a return on equity of 13.02%.

Southern Missouri Bancorp Stock Down 0.8%

SMBC stock traded down $0.59 during trading on Friday, reaching $71.18. 8,333 shares of the company traded hands, compared to its average volume of 86,577. The business has a 50 day simple moving average of $72.49 and a 200 day simple moving average of $72.15. Southern Missouri Bancorp has a 12 month low of $51.46 and a 12 month high of $79.86. 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 company has a market capitalization of $783.69 million, a price-to-earnings ratio of 11.08 and a beta of 0.87.

Southern Missouri Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 16.80%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen raised shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Piper Sandler restated a “neutral” rating and issued a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. Hovde Group initiated coverage on Southern Missouri Bancorp in a research note on Monday, October 5th. They set a “market perform” rating and a $76.00 price target for the company. Benchmark upgraded shares of Southern Missouri Bancorp to a “strong-buy” rating in a report on Wednesday, September 23rd. Finally, Stephens downgraded shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock 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. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.