Stephens Downgrades Southern Missouri Bancorp (NASDAQ:SMBC) to Equal Weight

Southern Missouri Bancorp (NASDAQ:SMBC) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, Marketbeat reports. They presently have a $85.00 price target on the savings and loans company’s stock. Stephens’ price objective suggests a potential upside of 10.17% from the stock’s current price.

SMBC has been the topic of a number of other research reports. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Thursday, June 4th. Piper Sandler restated a “neutral” rating and set a $83.00 price target (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Southern Missouri Bancorp has an average rating of “Hold” and an average price target of $83.67.

Southern Missouri Bancorp Trading Down 1.0%

Shares of Southern Missouri Bancorp stock opened at $77.15 on Thursday. Southern Missouri Bancorp has a twelve month low of $47.60 and a twelve month high of $79.86. The firm’s 50-day moving average price is $74.70 and its 200 day moving average price is $68.42. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $850.19 million, a PE ratio of 12.00 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.31. The business had revenue of $51.77 million during the quarter, compared to analysts’ expectations of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%. On average, sell-side analysts predict that Southern Missouri Bancorp will post 6.9 EPS for the current fiscal year.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of Southern Missouri Bancorp stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the transaction, the executive vice president directly owned 5,375 shares of the company’s stock, valued at $374,637.50. The trade was a 27.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Southern Missouri Bancorp during the second quarter worth $85,270,000. Deutsche Bank AG purchased a new position in shares of Southern Missouri Bancorp in the second quarter valued at approximately $723,000. Bank of New York Mellon Corp acquired a new position in shares of Southern Missouri Bancorp in the second quarter valued at approximately $3,461,000. GSA Capital Partners LLP acquired a new position in shares of Southern Missouri Bancorp in the second quarter valued at approximately $1,439,000. Finally, Bank of America Corp DE increased its stake in Southern Missouri Bancorp by 18.2% during the 1st quarter. Bank of America Corp DE now owns 25,786 shares of the savings and loans company’s stock worth $1,649,000 after buying an additional 3,974 shares during the period. 49.49% of the stock is currently owned by institutional investors and hedge funds.

About Southern Missouri Bancorp

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.