Southern Missouri Bancorp (NASDAQ:SMBC) Rating Increased to Strong-Buy at Zacks Investment Research

Southern Missouri Bancorp (NASDAQ:SMBC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The firm currently has a $25.00 target price on the savings and loans company’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.63% from the stock’s current price.

According to Zacks, “SOUTHERN MO BANCORP, INC. is a bank holding company. “

Separately, Piper Sandler boosted their price target on Southern Missouri Bancorp from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday.

Southern Missouri Bancorp stock opened at $21.81 on Friday. Southern Missouri Bancorp has a 52-week low of $17.30 and a 52-week high of $39.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $200.89 million, a price-to-earnings ratio of 7.27 and a beta of 0.80. The firm has a 50-day moving average price of $22.67 and a two-hundred day moving average price of $27.19.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Monday, July 27th. The savings and loans company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.24. Southern Missouri Bancorp had a return on equity of 11.15% and a net margin of 22.14%. The company had revenue of $26.85 million for the quarter, compared to analysts’ expectations of $23.69 million. Research analysts expect that Southern Missouri Bancorp will post 2.65 earnings per share for the current year.

In other news, CEO Greg A. Steffens purchased 1,131 shares of Southern Missouri Bancorp stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $22.46 per share, for a total transaction of $25,402.26. Following the transaction, the chief executive officer now owns 212,533 shares in the company, valued at $4,773,491.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Martin Weishaar acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $26.19 per share, with a total value of $52,380.00. Following the purchase, the executive vice president now directly owns 2,600 shares in the company, valued at approximately $68,094. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 5,331 shares of company stock worth $126,880. 16.73% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in SMBC. BlackRock Inc. boosted its position in shares of Southern Missouri Bancorp by 3.2% in the first quarter. BlackRock Inc. now owns 516,506 shares of the savings and loans company’s stock worth $12,536,000 after buying an additional 15,999 shares during the period. Alliancebernstein L.P. boosted its position in Southern Missouri Bancorp by 7.8% during the 1st quarter. Alliancebernstein L.P. now owns 9,700 shares of the savings and loans company’s stock worth $235,000 after acquiring an additional 700 shares during the period. Geode Capital Management LLC boosted its position in Southern Missouri Bancorp by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 106,579 shares of the savings and loans company’s stock worth $2,585,000 after acquiring an additional 8,938 shares during the period. JPMorgan Chase & Co. grew its stake in Southern Missouri Bancorp by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 13,364 shares of the savings and loans company’s stock valued at $324,000 after acquiring an additional 592 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Southern Missouri Bancorp by 33.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,425 shares of the savings and loans company’s stock valued at $59,000 after purchasing an additional 614 shares during the period. 49.66% of the stock is currently owned by institutional investors.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. It offers various deposit instruments, including demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.

Further Reading: Green Investing

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