Southern Missouri Bancorp (NASDAQ:SMBC) Upgraded to Hold by Zacks Investment Research

Southern Missouri Bancorp (NASDAQ:SMBCGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

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

Separately, StockNews.com lowered shares of Southern Missouri Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd.

SMBC stock opened at $43.88 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.17. Southern Missouri Bancorp has a 1 year low of $39.75 and a 1 year high of $61.93. The company has a fifty day simple moving average of $47.15 and a 200 day simple moving average of $51.71. The firm has a market cap of $390.53 million, a PE ratio of 8.22 and a beta of 0.96.

Southern Missouri Bancorp (NASDAQ:SMBCGet Rating) last released its quarterly earnings data on Monday, April 25th. The savings and loans company reported $1.03 earnings per share (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, analysts forecast that Southern Missouri Bancorp will post 5.14 EPS for the current fiscal year.

In other news, Director David J. Tooley bought 4,500 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were purchased at an average price of $42.38 per share, for a total transaction of $190,710.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $2,119,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Greg A. Steffens acquired 1,000 shares of the company’s stock in a transaction dated Friday, April 29th. The shares were bought at an average price of $42.47 per share, for a total transaction of $42,470.00. Following the acquisition, the chief executive officer now owns 215,533 shares in the company, valued at approximately $9,153,686.51. The disclosure for this purchase can be found here. Company insiders own 15.75% of the company’s stock.

Several large investors have recently bought and sold shares of the company. River Oaks Capital LLC bought a new position in shares of Southern Missouri Bancorp during the 4th quarter worth about $1,153,000. Vanguard Group Inc. increased its holdings in shares of Southern Missouri Bancorp by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 407,986 shares of the savings and loans company’s stock worth $20,379,000 after purchasing an additional 21,251 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Southern Missouri Bancorp by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 356,632 shares of the savings and loans company’s stock worth $18,605,000 after purchasing an additional 3,060 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Southern Missouri Bancorp by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 241,720 shares of the savings and loans company’s stock worth $12,074,000 after purchasing an additional 7,189 shares during the period. Finally, Missouri Trust & Investment Co bought a new position in shares of Southern Missouri Bancorp during the 4th quarter worth about $11,255,000. Institutional investors own 52.68% of the company’s stock.

Southern Missouri Bancorp Company Profile (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.

Further Reading

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