Southern Missouri Bancorp (NASDAQ:SMBC) Raised to Strong-Buy at Benchmark

Southern Missouri Bancorp (NASDAQ:SMBC) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

SMBC has been the topic of several other research reports. Keefe, Bruyette & Woods upped their price objective on Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Raymond James Financial began coverage on Southern Missouri Bancorp in a research report on Tuesday, September 1st. They set a “market perform” rating for the company. Piper Sandler reaffirmed a “neutral” rating and set a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Stephens cut Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Southern Missouri Bancorp has an average rating of “Moderate Buy” and an average price target of $83.67.

Southern Missouri Bancorp Trading Up 1.2%

SMBC opened at $72.21 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $795.25 million, a PE ratio of 11.23 and a beta of 0.85. Southern Missouri Bancorp has a 1-year low of $47.60 and a 1-year high of $79.86. The firm has a 50-day moving average price of $75.16 and a two-hundred day moving average price of $70.98.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced 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 company had revenue of $51.76 million for the quarter, compared to analyst estimates of $51.14 million. As a group, equities analysts anticipate that Southern Missouri Bancorp will post 6.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southern Missouri Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Southern Missouri Bancorp in the 2nd quarter valued at $85,270,000. The Manufacturers Life Insurance Company acquired a new stake in Southern Missouri Bancorp during the 2nd quarter worth $18,079,000. Raffles Associates LP bought a new position in Southern Missouri Bancorp during the second quarter worth about $16,092,000. Maltese Capital Management LLC acquired a new position in Southern Missouri Bancorp in the fourth quarter valued at about $3,554,000. Finally, Empowered Funds LLC acquired a new position in Southern Missouri Bancorp in the second quarter valued at about $3,512,000. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is the bank holding company for Southern Bank, a community banking institution headquartered in Poplar Bluff, Missouri. Through Southern Bank, the company provides banking and financial services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, mortgage services, and treasury management solutions. Customers also have access to digital banking, online bill pay, mobile banking, and other standard personal and business banking services.

Southern Bank traces its history to 1887 and serves communities primarily in Missouri and neighboring areas, including parts of Arkansas.