StockNews.com Lowers Southern Missouri Bancorp (NASDAQ:SMBC) to Hold

StockNews.com cut shares of Southern Missouri Bancorp (NASDAQ:SMBCGet Rating) from a buy rating to a hold rating in a research note released on Monday morning.

Separately, Zacks Investment Research cut Southern Missouri Bancorp from a buy rating to a hold rating in a report on Saturday.

SMBC opened at $43.20 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $48.73. The firm has a market cap of $384.31 million, a PE ratio of 8.09 and a beta of 0.90. Southern Missouri Bancorp has a 12 month low of $39.75 and a 12 month high of $61.93.

Southern Missouri Bancorp (NASDAQ:SMBCGet Rating) last posted its quarterly earnings results on Monday, April 25th. The savings and loans company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.22). Southern Missouri Bancorp had a net margin of 36.05% and a return on equity of 16.30%. As a group, sell-side analysts expect that Southern Missouri Bancorp will post 5.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 13th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, May 12th. This represents a $0.80 annualized dividend and a yield of 1.85%. Southern Missouri Bancorp’s dividend payout ratio is presently 14.98%.

Hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC acquired a new position in Southern Missouri Bancorp during the fourth quarter worth $36,000. Russell Investments Group Ltd. raised its holdings in Southern Missouri Bancorp by 22.8% during the third quarter. Russell Investments Group Ltd. now owns 57,163 shares of the savings and loans company’s stock worth $2,564,000 after purchasing an additional 10,613 shares during the last quarter. Moors & Cabot Inc. acquired a new position in Southern Missouri Bancorp during the third quarter worth $28,000. Martingale Asset Management L P raised its holdings in Southern Missouri Bancorp by 42.9% during the third quarter. Martingale Asset Management L P now owns 19,314 shares of the savings and loans company’s stock worth $868,000 after purchasing an additional 5,799 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Southern Missouri Bancorp by 14.4% during the third quarter. American Century Companies Inc. now owns 18,476 shares of the savings and loans company’s stock worth $829,000 after purchasing an additional 2,324 shares during the last quarter. 52.68% of the stock is owned by hedge funds and other institutional investors.

About Southern Missouri Bancorp (Get Rating)

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. The company offers business banking, business financing, and business services. It also provides personal banking services, which include online and mobile banking, checking and savings, mortgage and refinance, and loans and credit services.

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